Headlines to be discussed at LNWM’s Monday briefing:
— The European Central Bank is maintaining low interest rates; despite that, euro hit new high vs. dollar.
— The Bank of Japan is also maintaining stimulus and low-rate policy, targeting 2% inflation by 2020.
— The deliquency rate on US auto-loans is approaching 4%, a post-crisis high.
— US is likely to take moderate stance in North American Free Trade Agreement (NAFTA) negotiations.
— China’s economy grew 6.9% in the second quarter; government is focusing on limiting financial risk.
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