Headlines discussed at LNWM’s Monday morning briefing:

— U.S. consumer spending was stronger (+2.9%) in 2nd Qtr. 2015 as GDP growth rebounded to 2.3%.
— The Federal Reserve remains on course to raise rates, on improving U.S. labor market.
— The Greek stock exchange reopened Aug. 3, after a five-week closure; stocks there plunged.
— The IMF warned that the Greek debt crisis is not over and could threaten the Eurozone.
— The Shanghai stock index fell further, prompting China’s government to continue buying shares.

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