The Monday Mix: July 1 – 7, 2019
Headlines discussed at LNWM’s Monday morning briefing:
— The US economy added a healthy 224,000 new jobs in June; markets view Fed interest rate cut in July as less likely.
— China said a pre-condtion for a trade deal was US lifting all new tariffs on Chinese goods, although trade talks continue.
— China said a pre-condtion for a trade deal was US lifting all new tariffs on Chinese goods, although trade talks continue.
— To ratify the North American trade deal, the US House of Representatives is insisting on tougher labor and enviromental standards.
— The percentage of US junk bonds that are distressed (selling for less than 70 cents on the dollar) rose to 4.3% in June, level of of last Dec.
— Oil prices closed down for the week (after three up weeks in a row), on concerns about global economic growth.
— The percentage of US junk bonds that are distressed (selling for less than 70 cents on the dollar) rose to 4.3% in June, level of of last Dec.
— Oil prices closed down for the week (after three up weeks in a row), on concerns about global economic growth.
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