Headlines discussed at LNWM’s Monday morning briefing:
— A key US manufacturing index fell in Dec. to its lowest level since 2009 (47.2 on the PMI); under 50 indicates contraction.
— Phase 1 of the US-China trade deal is to be signed Jan. 15; considerable confusion remains about the details.
— China replaced its top representative in Hong Kong; ongoing protests there are supported by 59% of the population.
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