The Monday Mix: July 8 – 14, 2019
Headlines discussed at LNWM’s Monday morning briefing:
— To extend the economic expansion, the Federal Reserve is likely to cut interest rates this July; stocks hit new highs.
— The European Central Bank is expected to cut interest rates this fall, in light of dowturn in manufacturing and other indicators.
— The European Central Bank is expected to cut interest rates this fall, in light of dowturn in manufacturing and other indicators.
— Chinese imports of US goods dropped by 31% in June, while US imports of Chinese goods fell 8%, as trade war continues taking its toll.
— Global demand for OPEC oil is forecast to a 16-year-low in 2020 (26 million barrels a day), as US oil production continues to climb.
— US consumer prices rose 0.3% in June, the fastest pace since Jan. 2018, and labor market tightened further, indicating economic strength.
— Global demand for OPEC oil is forecast to a 16-year-low in 2020 (26 million barrels a day), as US oil production continues to climb.
— US consumer prices rose 0.3% in June, the fastest pace since Jan. 2018, and labor market tightened further, indicating economic strength.
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