THE MONDAY MIX: June 22 – 28, 2015
Headlines discussed at LNWM’s Monday morning briefing:
— Greece is to close its banks as of Monday to avert financial collapse after debt talks halted.
— U.S. consumer spending was up 0.9% in May, the biggest monthly gain in six years.
— U.S. Single-family home sales rose to a 7-year high in May, with building permits near an 8-year peak.
— The Shanghai Stock Index is down 19% since mid-June (-7% on Friday), near bear-market conditions.
— Oil prices could fall further as the lifting of Iranian sanctions draws near; oil is 80% of Iran’s exports.
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