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Ipreo Global ECM Review: The Week Ended August 22, 2014

Ipreo Global ECM Review: The Week Ended August 22, 2014

In U.S. economic news, housing starts totaled 1.093 million in July, besting estimates, while building permits came in at 1.052 million, also excreeding expectations. Separately, the European Commission released the August Consumer Confidence Index, which fell to a reading of -10.0, missing economists’ estimates of -9.0, and falling behind a previous -8.4 result. Meanwhile, China’s Manufacturing PMI came in with a three-month low score of 50.3, well below the reading of 51.7 in July and economists’ forecasts for a score of 51.5.