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Ipreo Global ECM Review: The Week Ended October 24, 2014

Ipreo Global ECM Review: The Week Ended October 24, 2014

In U.S. economic news, the MBA Mortgage Index for the week ending October 18 grew 11.6%, exceeding the prior period’s 5.6% gain. Elsewhere, the CPI for September rose 0.1%, ahead of the prior period’s 0.2% drop and ahead of economists’ expectations of a flat reading. Elsewhere, Germany’s PPI dropped 1.0% year-over-year in September, below the 0.8% decline in August, and meeting consensus estimates. Meanwhile, China’s leading economic index gained 0.9% in September to 302.6, up from August’s 0.7% climb but below July’s 1.3% gain. Additionally, the country’s manufacturing sector sustained its growth, as HSBC’s preliminary reading for October showed a score of 50.4, above September’s 50.2 and the expansion/contraction line of 50.0.

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