
THE MONDAY MIX: June 8 – 14, 2015
Headlines discussed at LNWM’s Monday morning briefing:
— U.S. consumer sentiment jumped to the highest level in seven years (94.6), on improving jobs market.
— U.S. CEOs lowered their expectations for 2015 (2.5% GDP growth vs. 2.8% previously); 70% expect sales to rise (vs. 80% previously).
— Emerging market stock funds had record net redemptions last week, mostly from China funds.
— Greece’s negotiations with creditors broke down again; the IMF pulled its delegates from the discussion.
— Chinese inflation continued to drop, fueling fears of deflation in the world’s 2nd largest economy.
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