Headlines discussed at LNWM’s Monday morning briefing:

— U.S. payrolls increased the most in nearly three years, after two quarters of strong economic growth.

— The European Central Bank seems to be gearing up to enact major monetary stimulus early in 2015.

— Hedge funds are closing/merging at the fastest pace since 2009 due to weak performance.

— The Russian economy appears headed into recession, due to falling oil prices and economic sanctions.

— Russia said it will not build a major natural gas pipeline that was to serve central and southern Europe.

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