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Ipreo Global ECM Review: The Week Ended July 15, 2016

Ipreo Global ECM Review: The Week Ended July 15, 2016

In U.S. economic news, wholesale inventories for the month of May grew by 0.1%, below the prior month’s upwardly-revised growth of 0.7%, and missing consensus estimates of 0.2%. Elsewhere, U.K. housing prices fell 0.9% on month in July, reversing course from the 0.8% in June. Meanwhile, GDP in China grew slightly better than was forecasted in the second quarter, expanding 6.7% annually relative to forecasts of 6.6% annual expansion.