Headlines discussed at LNWM’s Monday morning briefing:
— The US jobless rate fell to 3.8% in May, a level not seen since April 2000; wages rose 2.7% vs. year ago.
— The US imposed stiff tariffs on steel and aluminum from Canada, Mexico and the EU; trade war feared.
— President Trump is slated to meet with North Korea’s Kim Jong Un June 12; nuclear policy tops agenda.
— A populist coalition will govern Italy, focused on tax cuts, less immigration and higher welfare spending.
— Within emerging markets, Asian economies continue to provide the strongest GDP growth.
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