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Ipreo Global ECM Review: The Week Ended May 8, 2015

Ipreo Global ECM Review: The Week Ended May 8, 2015

In U.S. economic news, March factory orders advanced by 2.1%, expanding from a 0.2% gain in February and matching expectations, while the March trade balance posted a $51.4B deficit, missing estimates of a $40.0B shortfall. Meanwhile, the U.K.’strade deficit in goods narrowed in March to GBP 10.0B from GBP 10.8B in February, while economists’ were expecting a shortfall of GPB 9.8B. The overall trade deficit narrowed to GBP 2.8B in March from GBP 3.3B in the month prior. Elsewhere, China’s exports declined 6.2% in April from last year in yuan terms, missing expectations for a 0.9% increase.

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