Headlines discussed at LNWM’s Monday morning briefing:
— Consumer spending, the biggest driver of US economic growth, barely rose in Aug. (+0.1%), after a strong rise in 2nd quarter.
— The US House of Representatives began impeachment proceedings against President Trump; market impact so far minimal.
— The White House backed off from intent to limit US investment in Chinese markets and companies; trade talks to resume mid-Oct.
— The UK Supreme Court ruled that Boris Johnson’s suspension of Parliament is unlawful, creating further Brexit uncertainty.
— US and Japan agreed to a trade deal that covers 90% of US farm exports to Japan and some digital products.
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