The Traderszone Network

US Manufacturing PMI fell back very modestly from its flash reading but rose MoM to 51.3 as Markit warns “producers are struggling in the face of the strong dollar, the energy sector decline and presidential election jitters.” But, ISM Manufacturing surged full of hope to 53.2, above the highest analyst estimate (a 4 standard deviation beat of expectations).

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Scuttled M&A transactions hit a high as D.C. pols and regulators turn on Wall Street.

Stanley Fischer said Friday it was too soon to tell whether Britain’s vote to leave the European Union had changed the U.S. economic outlook.

The investment powerhouse, which had 36,500 workers as of March 31, has been reducing staff as it seeks to weather a slump in trading and deal-making.

Image source: Getty Images.

Real estate investment trusts (REITs) are a favorite of income investors for their consistency in the yield department. The best REITs have a record of paying dividend yields that grow at a single-digit pace year in and year out.

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Managers lost 1.8% on average through June 28, HFR index shows. Criticism mounts over high fees and crowding into same trades.

Mark Carney, Governor of the Bank of England, stated in a speech on the Brexit yesterday that while the “result of the referendum is clear. Its full implications for the economy are not”, he also affirmed it was something the UK economy can handle. EPTSD:… Read More

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