Headlines discussed at LNWM’s Monday morning briefing:
— China’s purchases of U.S. farm goods at 71% of target under trade deal; U.S. Department of Agriculture (USDA) said China had bought over $23 billion goods to date.
— September existing home sales jump 9.4%; Sales were up 20.9% annually but supply remains tight as the current sales pace represents a 2.7-month supply.
— U.S. business activity picks up in October; IHS Markit Composite PMI Output Index which tracks the manufacturing and services sectors, rose to a reading of 55.5 this month.
— Weekly jobless claims drop to nearly their lowest total since the early days of the coronavirus pandemic.; First-time claims for unemployment benefits totaled 787,000 last week.
— The dollar index traded higher Monday, amid general risk aversion sentiment as coronavirus infections continue to spike in Europe and the U.S.
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.