The Monday Mix: Aug. 30 – Sept. 6
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.
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