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Ipreo Global ECM Review: The Week Ended July 22, 2016

Ipreo Global ECM Review: The Week Ended July 22, 2016

In U.S. economic news,the Philadelphia Fed for July read -2.9, below June’s 4.7 reading, and expectations of 5.0. In housing news, July’s NAHB Housing Market Index read 59, below June’s reading of 60 and missing forecasts of 61. Elsewhere, following the momentous “Brexit” vote, U.K. private sector activity fell to an 87-month low of 47.7 in July.