Headlines discussed at LNWM’s Monday morning briefing:
— President Biden signed an executive order to enhance US market competition; 72 directives for more than a dozen gov’t agencies to benefit consumers, workers.
— The yield on 10-year US Treasuries fell to 1.3%; investors may be pricing in slower growth as Federal Reserve intends to cut back on stimulus.
— The European Central bank said it will consider climate risks in deciding which corporate bonds to buy; set inflation at 2%.
— China is cracking down on its major tech companies to increase market competition and limit use of user data.
— US job openings rose to a record 9.2 million, or one available job for each unemployed worker, despite 5.8% unemployment rate.
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