Headlines discussed at LNWM’s Monday morning briefing:
— The first 2.9 million doses of Pfizer’s Covid-19 vaccine were shipped to US distribution centers Sunday; administered starting Monday morning.
— U.S. producer prices rose only 0.1% in November and are up less than 1% the past 12 months, indicating that Covid-related constraints are keeping a lid on inflation for now.
— Additions to U.S. inventories rose in October, boosting GDP growth in the 3rd quarter, after being a drag for 5 straight quarters.
— The European Central Bank expanded and extended its bond buying program as Covid-19 resurgence weighs on the Eurozone economy.
— Brexit talks between the UK and the European were extended, sparking hopes that a final deal will be reached prior to Dec. 31, 2020 deadline.
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