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Ipreo Global ECM Review: The Week Ended September 12, 2014

Ipreo Global ECM Review: The Week Ended September 12, 2014

In U.S. economic news, the MBA Mortgage Index for the week ended September 6 fell 7.2%, a sharp decline from the prior week’s 0.2% gain. Elsewhere, wholesale inventories for July grew 0.1%, lower than last month’s downwardly-revised 0.2% increase, and missing economists’ expectations of a 0.5% gain. Elsewhere, Germany’s July exports rose 4.7% from the prior month, an increase from June’s 0.9% gain and beating economists’ expectations of a 0.6% rise. Meanwhile, Chinese bank lending skyrocketed to CNY 702.5 billion in August, up from CNY 385.2 billion in July, while social aggregate financing, a broader measure of credit, jumped to CNY 957.4 billion in August from CNY 273.1 billion a month earlier.
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