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Ipreo Global ECM Review: The Week Ended September 5, 2014

Ipreo Global ECM Review: The Week Ended September 5, 2014

In U.S. economic news, Jul’s trade balance saw a $40.5B deficit, while economists predicted a deficit of $42.0B. Additionally, the Eurostat released Jul’s Producer Price Index for the European Monetary Union which dipped 1.1% on a year-over-year basis, in line with consensus estimates, and below the 0.8% decline in the previous month. Meanwhile, the headline HSBC China Services PMI jumped from 50.0 in July to 54.1 in August, marking the fastest rate of expansion since January 2013, as new orders in the service sector continue to increase. Meanwhile, the HSBC compositie output index rose to 52.8 in August, up from 51.6 a month earlier as private sector activity increased.

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