Headlines discussed at LNWM’s Monday morning briefing:

— The US inflation rate jumped to nearly 2.9% in June, the highest level since 2012.
— The rally in the US dollar lost momentum on fears trade war will slow economy.
— US stocks rebounded to near record levels, on higher earnings mostly due to tax cuts.
— Emerging market equities posted gains after 4 weeks of losses as trade tensions eased.
— Commodity prices, especially soybeans, dropped on fears of a US-China trade war.

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