Headlines discussed at LNWM’s Monday morning briefing:

— The U.S. economy grew strongly in 2nd quarter 2015 — 3.9% annualized — per the final estimate.
— A U.S. interest rate increase is likely by year-end said Federal Reserve Chairwoman Janet Yellen.
— European equities slumped on news that Volkswagen has been violating U.S. emissions standards.
— Japan’s Prime Minister will launch “Abenomics 2.0,” more measures to rev up economic growth.
— Emerging market equities fell the most in a month, as the outlook for China’s economy worsened.

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