Ipreo Global ECM Review: The Week Ended April 21, 2017

In U.S. economic news, leading indicators for March grew 0.4%, below the downwardly-revised 0.5% uptick reported in February, and coming in above economists’ estimates of a 0.3% expansion. Elsewhere, industrial production increased 0.5% in March, above the upwardly-revised 0.1% gain seen in February, and besting consensus estimates of 0.4% growth. The Eurozone current account surplus increased to a record high in February, surging to a seasonally-adjusted €37.9 billion, up dramatically from €26.1 billion in January. Finally, Japan’s tertiary activity index rose 0.2% month-over-month in February, reversing course from a 0.2% drop in January, but below economists’ expectations of a 0.3% increase.