Headlines discussed at LNWM’s Monday morning briefing:
— The US economy added just 75,000 jobs in May vs. 175,000 expected; wage growth remained around 3% annualized.
— US stocks had their best week of 2019 as the disappointing jobs report for May fueled hopes that the Fed will cut interest rates.
— New US tariffs on goods from Mexico were suspended from going into effect today, to the relief of many US businesses.
— The US gave Chinese exporters two more weeks to get their products into the US before new China tariffs go into effect.
— The yield on US 10-Year Treasury bonds dropped below 2.06%, its lowest level since September 2017.
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