Headlines discussed at LNWM’s Monday morning briefing:
— U.S. unemployment fell to 6.1%, as job growth in June surpassed expectations, with 288,000 jobs created.
— The U.S. service sector, around 70% of the economy, expanded in June — but at a slightly reduced pace.
— Japan’s money supply reached a record high, due to the government stimulus program to spur growth.
— There’s no clear evidence of collusion to set gold prices, reported Britain’s Financial Conduct Authority.
— General Motors announced 6 new auto recalls, driving the total recalled to 14.8 million so far this year.
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