Financial Planning

• CFP Board Survey: Clients prefer comprehensive financial planning Financial Planning

U.S. Economy

• Initial jobless claims rose last week, but the 4 week average of new unemployment claims fell to the lowest level since the fall of 2007. Reuters
• Existing home sales increased in the U.S. last month to the highest level in more than three years CNBC
• The pace of new home sales fell last month The Washington Post

Around the Globe

• The Chinese manufacturing index rose last month, indicating expansion, after showing contraction in June.  The New York Times
• The Eurozone manufacturing and service indexes both had readings of expansion last month. The manufacturing index now stands at a 26 month high The Irish Times

Markets

• The FOMC minutes reveal little new information regarding the U.S. Federal Reserve’s desire to reduce the $85 billion in monthly bond buying Bloomberg