The Traderszone Network

Japan preliminary Industrial Production data for May
-2.3% m/m
– expected -0.2%, prior 0.5%
And -0.1% y/y
– expected +1.9%, prior was -3.3%
Very weak IP data indeed. Earthquakes in April will have had an impact, as will the strong yen

New Zealand has offered to lend trade negotiators to that other little island nation
– The UK government currently has around 40 trade negotiators
– NZ, as an advanced economy, has offered to help out the stricken island state on the other side of the world

Tesla Motors (NASDAQ: TSLA) recently offered to buy out SolarCity (NASDAQ: SCTY) for a relatively unimpressive $2.8 billion in stock.

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CNBC’s Seema Mody reports that travelers are taking advantage of drops in the pound following the Brexit referendum outcome.

Jim Cramer sorts through the rubble of retail to survey what stores can survive the strength of Amazon.

The International Monetary Fund says it is likely to lower its growth forecast for the German economy in coming weeks
– Brexit changes economic relationship between the two countries
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Image source: iStock/Thinkstock.

On Thursday afternoon, the Federal Reserve published the results from the second round of this year’s stress test. Citigroup (NYSE: C) passed, which paves the way for the nation’s fourth biggest bank by assets to increase its dividend and stock repurchase plan.

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