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July 26, 2016

Bonds
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.  

Economy 
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.  

Global 
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.   

 

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

 


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