Headlines discussed at LNWM’s Monday morning briefing:
— The surge in U.S. energy production is keeping oil prices low, despite unrest in the Middle East.
— Eurozone economy was flat in the second quarter, as German and French economies lagged.
— China cut its 2020 target for shale oil production nearly in half, due to technological challenges.
— Tech giant Cisco said it will cut its workforce by 6,000 (roughly 8%), due to weak profits.
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