hand holding a coffee cup and newspaper

The Monday Mix: Dec. 2 – 8, 2019

Headlines discussed at LNWM’s Monday morning briefing:

The US added 266,000 new jobs in Nov. (vs 180,000 expected), indicating that US-China trade war is not hurting US hiring.
China said it will waive import tariffs on some US soybeans (33%) and pork (up to 72%), ahead of new US tariffs due to kick in Dec. 15.
OPEC and its allies agreed to deeper production cuts (500,000 barrels/day) to prop up oil prices, amid record high US production.
The US trade deficit dropped in Oct. to $47.2 billion, its lowest level in more than a year, as both imports and exports fell for the month.
Major imbalances in the US market for short-term funding (repo market) were outlined in a new report by the Bank of International Settlements.

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.