Headlines discussed at LNWM’s Monday morning briefing:
— China said a pre-condtion for a trade deal was US lifting all new tariffs on Chinese goods, although trade talks continue.
— 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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