Headlines discussed at LNWM’s Monday morning briefing:
— US wages rose a strong 2.9% in Dec. (annual rate), biggest jump since June 2009.
— The US trade deficit widened in Nov. to a 9-month high, a drag on economic growth.
— President-elect Trump called for tarriffs on cars made in Mexico for sale in the US, singling out Toyota.
— Index of Eurozone consumer confidence hit 107.8 in Dec., highest level since 2011.
— China pushed its currency up vs. dollar at fastest pace since 2005 in effort to curb capital outflows.
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