Headlines discussed at LNWM’s Monday morning briefing:
— The US economy added only 235,000 new jobs in Aug. (vs. nearly 1 million in both June and July), as latest surge in Covid cases takes a toll on economy.
— US manufacturing expanded for the 15th straight month in Aug., despite higher input costs and labor shortages.
— More stringent requirements are likely for funds that use labels such as ESG, green, sustainable, per the Chair of the Securities & Exchange Commission.
— Construction material costs in the UK are up 20% in the past year, due to Covid-induced shortages and Brexit trade bottlenecks.
— China will open a mainland stock exchange in Beijing, in addition to the ones currently in Shanghai and Shenzhen.
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.