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.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.