Headlines discussed at LNWM’s Monday morning briefing:
— US job growth weakened in March (104,000 new jobs) but wages rose 2.7% from previous year.
— China said it will reciprocate for new import tariffs proposed by the US, igniting fears of a trade war.
— Stock market volatility soared in US and other developed markets vs. emerging markets.
— Commodity prices weakened on threat of global trade war and potential slowdown in growth.
— Eurozone manufacturing and other economic indicators pulled back from peak levels.
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