Headlines discussed at LNWM’s Monday morning briefing:
— OPEC members agreed to curb their oil production, albeit a little; the 1st such deal since 2008.
— The US economy is expected to grow 2.8% in 3rd quarter (vs. 1.4% in 2nd), per economist poll.
— Deutsche Bank shares rebounded on $5.4 billion settlement with the US (vs. $14 billion initially).
— Japanese consumer spending fell 4.5% in August, on concern that economic stimulus is not working.
— Higher political risk drove markets lower in India, after country bombed terrorist camps in Pakistan.
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