Market Update: Ipreo APAC ECM Weekly – Aug 5, 2016

Market Update: Ipreo APAC ECM Weekly – Aug 5, 2016

In economic news, Japan’s leading index read 98.4 in June, matching May’s reading, and missing expectations of a 99.7 reading. Furthermore, the coincident index grew to 110.5 in June from 109.2 in May, below economists’ estimates of 113.5. Australia’s retail sales grew a seasonally adjusted 0.1% on month in June, below May’s 0.2% uptick, and missing estimates of a 0.3% gain. Finally, China’s factory PMI grew to 50.6 in July from 48.6 in June, surpassing expectations of a 48.9 reading.