Headlines discussed at LNWM’s Monday morning briefing:
— The first 2.9 million doses of Pfizer’s Covid-19 vaccine were shipped to US distribution centers Sunday; administered starting Monday morning.
— U.S. producer prices rose only 0.1% in November and are up less than 1% the past 12 months, indicating that Covid-related constraints are keeping a lid on inflation for now.
— Additions to U.S. inventories rose in October, boosting GDP growth in the 3rd quarter, after being a drag for 5 straight quarters.
— The European Central Bank expanded and extended its bond buying program as Covid-19 resurgence weighs on the Eurozone economy.
— Brexit talks between the UK and the European were extended, sparking hopes that a final deal will be reached prior to Dec. 31, 2020 deadline.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.