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Ipreo Global ECM Review: The Week Ended June 24, 2016

Ipreo Global ECM Review: The Week Ended June 24, 2016

In U.S. economic news, the MBA Mortgage Index increased 2.9%, reversing course from the prior week’s 2.4% decline. Additionally, existing home sales for May totaled 5.53M, an increase from April’s downwardly-revised 5.43M and above forecasts of 5.50M. Elsewhere, the U.K.’s Thursday decision to leave the European Union weighed heavy on world markets. Meanwhile, producer prices in Japan increased 0.2% annually in May, beating forecasts of an increase of 0.1%, and continuing course from the upwardly-revised 0.3% increase posted in the prior month.