Headlines discussed at LNWM’s Monday morning briefing:
— The European Central Bank set a negative 0.1% deposit rate, to combat troublingly low inflation by encouraging bank lending and consumer spending.
— U.S. payrolls added 217,000 more workers in May; the fourth month in a row with increases of more than 200,000.
— U.S. auto sales increased at an annual rate of 16.8 million in May, the strongest pace since February 2007, and up from the 15.5 million rate in May 2013.
— Greek Prime Minister Antonis Samaras shut down Parliament early, prior to the scheduled summer vacation, without official explanation.
— Seattle’s City Council unanimously voted to phase in a $15/hour minimum wage; the highest in the U.S.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.