Headlines discussed at LNWM’s Monday morning briefing:
— The Fed raised its key interest rate (to 2% – 2.25%); aiming for 3.4% by 2020, after 5 more hikes.
— NAFTA will stay in place, albeit slightly altered, as Canada joined Mexico in signing trade deal with US.
— China will cut import tariffs on 1,500 products, reducing its overall tariff rate to 7.5% (from 9.8%).
— The Japanese stock market hit a 27-year high; weaker yen vs. dollar is seen as a boost for exports.
— Italy’s proposed budget deficit threatened showdown with Eurozone; Italian and other Euro stocks sank.
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