Initial Guidance | 25 May 2016

● US New-Home Sales Jump to Highest Level in Over 8 Years | NY Times
● Richmond Fed: Manufacturing activity slowed in May | Richmond Fed
● Americans’ confidence in the US economy remains steady in mid-May | Gallup
● ECB’s Villeroy: Brexit Risks High for UK and Eurozone | MNI
● China’s currency fixing weakens against US$ to 5yr low | Bloomberg
● The Longer the Correction, the Longer the Bounce Back | WSJ
● German consumer morale inches higher heading into June | Reuters