Headlines discussed at LNWM’s Monday morning briefing:
— US GDP growth rebounded to 2.9% in 3rd qtr., but business and consumer spending was weak.
— Gov’t bond yields rose in US and Europe, amid concern central bank stimulus is reaching its limits.
— Britain’s economy grew a bit more than expected in 3rd qtr. (0.5%), indicating resiliency to Brexit.
— Japan’s core inflation rate fell to just 0.2% in Sept., a five-year low, on weak consumer demand.
— Oil prices retreated to under $50, on worries that OPEC agreement limiting output will fall apart.
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