Headlines discussed at LNWM’s Monday morning briefing:
— China surprised investors by cutting interest rates; global equity markets surged on the news.
— Chinese manufacturing activity fell to a six-month low in November, per preliminary estimates.
— Japan officially entered recession in third-quarter Q3; however, Japanese exports grew the most in eight months during October.
— The aluminum-body pickup trucks being built by Ford are to use 30% less fuel than the steel version.
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