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Ipreo Global ECM Review: The Week Ended May 29, 2015

Ipreo Global ECM Review: The Week Ended May 29, 2015

In U.S. economic news, the second estimate of Q1 GDP contracted 0.7% compared to the 0.2% increase for the first quarter but in line with expectations, as the second estimate of the Q1 GDP deflator dropped 0.1%, matching forecasts. Elsewhere, Germany’s retail sales rose a seasonally-and-calendar adjusted 1.7% month-over-month in April, a reversal from the prior month’s 1.4% drop, and beating estimates. Finally, Singapore’s GDP grew 2.6% on year in the first quarter of 2015, higher than the preliminary reading on April 14 of a 2.1% increase, which would have been unchanged from the prior quarter.
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