Headlines discused at LNWM’s Monday morning briefing:
— Oil prices and US bond yields surged, after OPEC said it will cut oil output more than expected.
— Global equities hit 16-month highs on stimulus prospects (fiscal in US, monetary in Eurozone).
— The index of US consumer sentiment is at 98 (vs. 93 end of Nov.), highest level since Jan. 2015.
— The euro plunged (after rising), on news that European Central Bank will extend stimulus efforts.
— South Korea’s Parliament voted to impeach President Park Geun-hye on corruption charges.
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