The Monday Mix: Nov. 18 – 24, 2019
Headlines discussed at LNWM’s Monday morning briefing:
— US housing starts rose 3.8% in Oct., and building permits were up 5% (to 1.46 million), the highest level since May 2007.
— US manufacturing is rebounding (52.2 on key index in Nov.) on higher orders and production; record low of 50.3 hit in Aug. 2019.
— US manufacturing is rebounding (52.2 on key index in Nov.) on higher orders and production; record low of 50.3 hit in Aug. 2019.
— The Trump administration again said it was very close to reaching a Phase I trade agreement with China; US stocks gained on the news.
— The UK economy is contracting at a 0.2% quarterly pace, per key manufacturing and services gauges, as Brexit uncertainty takes its toll.
— The IMF lowered Japan’s annual growth forecast for the 3rd time this year — to 0.8% for 2019 and 0.5% for 2020.
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