The Monday Mix: Sept. 30 – Oct. 6, 2019
Headlines discussed at LNWM’s Monday morning briefing:
— Key indicators for US manufacturing and new export orders for Sept. fell to their lowest levels since 2009, indicating contraction.
— The US economy added 136,000 new jobs in Sept. (100,000 needed to keep up with expanding workforce); wage growth decelerated.
— Britain’s latest proposal for Brexit (slated for end of this month) was met with skepticim from the EU; Northern Ireland still a sticking point.
— Moody’s downgraded the outlook for the US steel industry to negative (from stable) on slower manufacturing activity and lower prices.
— Oil prices posted the biggest weekly drop since July on concerns about slowing economy and pessism about US-China trade talks.
— Moody’s downgraded the outlook for the US steel industry to negative (from stable) on slower manufacturing activity and lower prices.
— Oil prices posted the biggest weekly drop since July on concerns about slowing economy and pessism about US-China trade talks.
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