Headlines discussed at LNWM’s Monday morning briefing:
— The US consumer sentiment index hit 11-month low (95.3) on oncerns about rising prices, inflation.
— July US retail sales were up 6.7% vs. a year ago (0.5% from June), on auto and clothing purchases.
— New talks will occur between US and China to resolve trade dispute; US dollar weakened on the news.
— Eurozone stocks lost 1.3% for the week (worst results in 7 weeks), driven by exposure to Turkey.
— US crude oil prices finished down for the 7th straight week (at $65.91) on concerns about oversupply.
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