Headlines discussed at LNWM’s Monday briefing:
— President Trump appointed Jerome Powell as Fed Chair; no major policy changes expected.
— US unemployment hit a 17-year low, with 261,000 new jobs added in October.
— European stocks rose to nearly a two-year high, on upbeat corporate earnings.
— Oil prices continued to rally on expectations of tighter supply.
— Venezuela is seeking debt relief; country’s bonds trading at 30 cents on the dollar.
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