As the much anticipated iPhone 8 models and Apple Watch were released, 22 deals (7 IPOs, 8 FOs, 4 BLKs, and 3 CVTs) hit the capital markets for aggregate proceeds of $4.1B maintaining a healthy pace from the week prior.
In U.S. economic news, the Philadelphia Fed Index for September closed higher at 23.8, above both Augusts’ 18.9 reading and estimates of 17.1. Separately, France’s GDP for Q2 expanded 0.5% sequentially, matching that of the first quarter and in-line with economists’ estimates. Finally, the jobless rate in Taiwan fell to 3.76% in August from the 3.78% drop seen in July, missing economists’ expectations of a 3.80% rise.
In U.S. economic news, CPI for the month of August was released as a 0.4% increase, above the prior period’s 0.1% increase, and besting consensus estimates of a 0.3% gain. Separately, U.K. jobless rate fell to 4.3%, lower than the economists’ estimate of 4.4%, and marks the lowest since 1975. Finally, The surplus trade balance grew in Indonesia to $1.72 billion in August from the $274.4 million deficit reported in July, topping forecasts of a $548.0 million increase.