The Monday Mix: July 1 – 7, 2019

Headlines discussed at LNWM’s Monday morning briefing:

The US economy added a healthy 224,000 new jobs in June; markets view Fed interest rate cut in July as less likely.
China said a pre-condtion for a trade deal was US lifting all new tariffs on Chinese goods, although trade talks continue.
To ratify the North American trade deal, the US House of Representatives is insisting on tougher labor and enviromental standards.
The percentage of US junk bonds that are distressed (selling for less than 70 cents on the dollar) rose to 4.3% in June, level of of last Dec.
Oil prices closed down for the week (after three up weeks in a row), on concerns about global economic growth.

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