Headlines discussed at LNWM’s Monday morning briefing:
— Donald Trump won US Presidential election; financial stocks rallied, technology declined.
— US bond yields moved higher in anticipation of government policy to stimulate the economy.
— Markets continue to expect a US interest rate increase this Dec.; US dollar rallied.
— UK construction for 3rd quarter 2016 was weakest in four years, on the heels of Brexit vote.
— China’s corporate bond market ($3.2 trillion) under pressure by higher rates, less demand by banks.
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