Headlines discussed at LNWM’s Monday morning briefing:

— China devalued its currency, the yuan, fueling concerns about the real strength of its economy.
— The Eurozone granted Greece a third bailout, in exchange for major reforms and more cost-cutting.
— Eurozone growth slowed only slightly in Q2 (to +0.3%), despite Greek debt crisis and China’s slowdown.
— The U.S. approved oil export swaps with Mexico, loosening the long-standing ban on U.S. oil exports.
— Investors withdrew $1.1 billion from U.S. investment-grade bond funds in July; the most since 2013.

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Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.