Top-of-mind economic news as we start the week:
— The US economy added 372,000 new jobs in June vs. 250,000 expected; with the unemployment rate at just 3.6%, the Fed is likely to continue raising interest rates to tame inflation.
— US factory orders rose 1.6% in May, much more than anticipated, as manufacturers saw strong demand.
— Russia temporarily halted gas flows to Germany via a major pipeline, putting Europe on high alert.
— India is banning single-use plastics after the country’s plastic waste output nearly doubled in the last five years.
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.