Headlines discussed at LNWM’s Monday morning briefing:
— Oil prices hit a four-year low ($82 per barrel of Brent crude) after Saudi Arabia cut prices to the U.S.
— Mid-term elections gave Republicans control of the U.S. Senate and the House of Representatives.
— Repeat homebuyers are driving the U.S. housing market; first-time buyers were just 33% of the total recently, the lowest rate in ~30 years.
— The EC lowered its economic growth forecasts for the Eurozone, to 0.8% for 2014 and 1.1% for 2015.
— Eurozone manufacturing growth was slower than expected in October, as price-cutting failed to lift orders.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.