The Monday Mix: June 10 – 16, 2019
Headlines discussed at LNWM’s Monday morning briefing:
— Gains in US retail sales (+0.5% in April) and manufacturing output (+0.3% in May) could mean no need for interest rate cut.
— Attacks on two oil tankers in the Strait of Hormuz caused oil prices to rally, on security concerns for this key oil supply route.
— Moody’s downgraded Turkey’s bonds further into junk bond territory (to B1), citing rising risk of government default.
— Attacks on two oil tankers in the Strait of Hormuz caused oil prices to rally, on security concerns for this key oil supply route.
— Moody’s downgraded Turkey’s bonds further into junk bond territory (to B1), citing rising risk of government default.
— South Korea and the UK agreed to a free trade agreement post-Brexit; similar to the one now in place between S. Korea and the Eurozone.
— Chinese telecom giant Huawei slashed its annual revenue forecast by $30 billion, citing the US ban on equipment sales to the company.
— Chinese telecom giant Huawei slashed its annual revenue forecast by $30 billion, citing the US ban on equipment sales to the company.
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