Headlines discussed at LNWM’s Monday morning briefing:
— US wages rose 2.8% annualized in Oct. (up from 2.6% in Sept.), a sign job market is heating up.
— The Fed left interest rates unchanged prior to Presidential Election, but Dec. increase still likely.
— UK High Court said “Brexit” needs Parliament’s approval, complicating Britain’s exit from Eurozone.
— China’s services sector continues to expand, offsetting drop in exports; 6.7% GDP growth in 3rd qtr.
— Saudia Arabia threatened to raise its oil output yet again, after sparring with Iran over production limits.
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