Initial Guidance | 25 April 2016

● PMI: Weakest upturn in US mfg since Sep 2009 | Markit
● Fed seen holding rates this week with hike still on horizon | Reuters
● Lackluster GDP throws wrench into Fed’s rate-hike plans | Market Watch
● US Financial Stress Index just below “significant stress” level | Cleveland Fed
● Bond investors are taking bigger risks than ever before | Bloomberg
● German Business Confidence Weakened in April | Bloomberg
● The High Investing Fees You Don’t See Can Hurt You | NY Times
● Middle East Economies Facing Oil Revenue Falls, IMF Says | WSJ