
THE MONDAY MIX: July 4 – 10, 2016
Headlines discussed at LNWM’s Monday morning briefing:
— US hiring bounced back strongly in June, with 287,000 new jobs created vs. 175,000 expected.
— Three UK real-estate funds halted withdrawals after the Brexit vote sparked large redemptions.
— US interest rate increases are on hold until “Brexit” uncertainty eases, the Fed indicated.
— Italy and the EU are discussing how to recapitalize Italian banks given $399 billion in soured loans.
— The S&P 500 briefly set a new record high, while 10-year Treasury yields hit record low (< 1.4%).
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Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.