Headlines discussed at LNWM’s Monday morning briefing:
— US sales of existing homes (not new construction) hit a 9.5-year high in Oct., up 2%.
— The US further relaxed rules banning the export of crude oil, in place since the 1970s.
— A “no” vote on Italy’s Dec. 4 referendum on gov’t reform could further weaken euro.
— Japan’s economy expanded for the 3rd straight quarter June-Sept.; indicators steady but slow.
— India’s effort to fight graft and tax evasion by issuing new currency is stalling, amid backlash.
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