Headlines discussed at LNWM’s Monday morning briefing:
— US retail sales rebounded in October (up 0.3%) after a Sept. drop, mostly due to uptick in automotive sector.
— Consumer prices in the US rose at the fastest pace in 7 months, but inflation remains tame at just 1.8% annualized.
— US industrial production fell 0.8% in October (down 0.1% excluding affect of GM strike), on global trade impact.
— Hong Kong confirmed its economy is in recession, the 1st time in a decade, on ongoing protests and China-US trade war.
— Oil prices fell on larger-than-expected US inventory; record US output is putting downward pressure on prices.
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