Headlines discussed at LNWM’s Monday morning briefing:
— 97% of CFOs surveyed by Deloitt said US economic is slowing, 77% said stocks as overvalued, but only 3% expect a 2020 recession.
— The US economy added 145,000 new jobs in Dec., lowest number since May, with a drag coming from the manuacturing sector.
— The US levied new sanctions on Iran in key sectors — construction, manufacturing, mining — in response to bombing of US bases in Iraq.
— It will be impossible to reach a comprehensive Brexit trade deal by the end of 2020, said the new head of the European Commission.
— The US trade deficit sank to a three-year low of $43 billion in November, due to less trade with China and higher US oil and gas exports.
