Headlines discussed at LNWM’s Monday morning briefing:
— The US and China will each impose another round of tariffs ($16 billion in goods), starting end of Aug.
— Turkey’s markets plunged, on US tariffs and sanctions; impact on other markets a concern.
— The US is issuing a record amount of Treasury bonds, but global demand is keeping yields from rising.
— Russia was hit with a new round of sanctions by the US, for poisoning of fomer Russian spy in the UK.
— Japan’s economy grew 1.9% in 2nd quarter 2018, after shrinking 0.9% in the first quarter.
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