THE MONDAY MIX: June 29 – July 3, 2015
Headlines discussed at LNWM’s Monday morning briefing:
— Greece edged closer to dropping out of the euro, as Greeks voted “No” to austerity measures.
— Puerto Rico’s electric utility company avoided default by arranging to pay the $416 million due July 1.
— U.S. unemployment fell to 5.3%, the lowest level in 7 years, after the U.S. added 223,000 jobs in June.
— China’s Shanghai Stock Index is down 25% from its peak despite all-out policy efforts to stem the selloff.
— Brazil’s antitrust agency said more than 12 banks are being investigated for currency manipulation.
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