Headlines discussed at LNWM’s Monday morning briefing:
— The US threatened 20% tariffs on all cars imported from the European Union.
— The US threatened 10% tariffs on $200 billion worth of imports from China.
— OPEC members agreed to increase oil production, as crude oil prices rose the most since 2016.
— Emerging market stocks rebounded from 9-month lows; fears of trade war, higher US interest rates.
— The largest US banks passed the Federal Reserve’s toughest annual tests gauging level of financial risk.
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