Headlines discussed at LNWM’s Monday morning briefing:

— The U.S. economy grew at an impressive 3.9% annualized rate in third-quarter 2014 (per revised estimates), on a smaller decline in inventories and stronger consumer demand.

— Oil prices slumped to a four-year low on OPEC’s decision not to increase production.

— Eurozone inflation fell to the lowest level in five years, gaining only 0.3% in November.

— European bond yields slid lower on expectations that the European Central Bank will start purchasing government debt to stimulate the economy.

— The U.K proposed more restrictive counterterrorism laws, triggering complaints of reduced freedoms.

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