The Monday Mix: May 7 – 13, 2018
Headlines discussed at LNWM’s Monday morning briefing:
— Eurozone stocks rose for the 7th week on earnings, M&A activity; longest up stretch since March 2015.
— US-produced oil surged past $70/barrel on concern US would re-sanction Iran, a major oil exporter.
— Emerging markets stocks gained the most in 3 months, as steep rise in US interest rates less likely.
— The US Consumer Price Index rose 0.2% in April vs. 0.3% expected, easing inflation concerns.
— US job openings hit a new record of 6.6 million in March, yet wage increases still muted.
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