July 26, 2016
The Federal Reserve will refrain from raising interest rates this year and Treasuries are poised to rally, according to Amundi Asset Management, which oversees $1.1 trillion.
Purchases of new U.S. single-family homes rose in June to the highest level in more than eight years, indicating a firm housing market. Sales increased 3.5 percent to a 592,000 annualized pace, the fastest since February 2008.
Asian stocks rose toward the highest level since October as telecommunications firms surged and gambling companies drove a rally in Hong Kong shares. Tokyo equities slid on a stronger Japanese yen as investors weighed the outlook for stimulus.
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