Headlines discussed at LNWM’s Monday morning briefing:
— The U.S. Treasury issued new rules to limit “tax inversions,” in which U.S. companies move their headquarters abroad (by merging with foreign entities) and thus avoid U.S. taxes.
— U.S. sales of new homes jumped by 504,000 in August, the largest monthly gain in six years.
— The Euro sank to a two-year low, after the European Central Bank said it will expand its economic stimulus efforts.
— The World Trade Organization lowered its global trade forecasts for both 2014 and 2015.
— U.S. Attorney General Eric Holder announced he is resigning after six years on the job.
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