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Ipreo Global ECM Review: The Week Ended March 3, 2017

Ipreo Global ECM Review: The Week Ended March 3, 2017

In U.S. economic news, the second estimate for Q4 GDP showed an increase of 1.9%, matching the prior estimate, yet below consensus expectations of a 2.1% jump. Additionally the second estimate for Q4 GDP Deflator marked a 2.0% increase, below consensus expectations and the prior estimate of 2.1%. Elsewhere, retail sales in the Eurozone fell by 0.1% on quarter in January, better than the 0.5% decrease realized in December, while economists’ expected an increase of 0.3%. Finally, Japan’s seasonally adjusted consumer sentiment index fell to 43.1 in February from January’s 40-month high of 43.2 and missed economists’ expectations of an increase to 43.5.

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