Headlines discussed at LNWM’s Monday morning briefing:
— New claims for US unemployment benefits averaged 215,250 per week over the past month, indicating solid US job market.
— US worker productivity fell in 3rd qtr. 2019 by 0.3% (vs. 0.9% gain expected), biggest drop in four years, as output lagged hours worked.
— The Trump administration confirmed that some, not all, US tariffs on Chinese imports will be rolled back, in phase 1 of potential trade deal.
— For the 1st time since 1978, the US reported its 1st trade surplus in oil (exports higher than imports in Sept. 2019), as the trade deficit narrowed.
— GDP growth in the Eurozone is expected to be 1.1% this year and 1.2% in 2020, slightly lower than initially forecast.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.