Headlines discussed at LNWM’s Monday morning briefing:

— Three major US stock indexes all hit record highs — the first time since 1999.
— China’s annual GDP growth will be less than 6% by 2020, the International Monetary Fund estimated.
— Japan’s central bank bought $707 million in Exchange-Traded Funds (ETFs); $59 billion targeted.
— Germany grew a better-than-expected 0.4% in 2nd qtr. 2016; France and Italy stagnant.
— Saudi Arabia’s oil output hit a record high in July  — 10.7 million barrels a day, on average.

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