Headlines discussed at LNWM’s Monday morning briefing:
— U.S. payrolls increased by 256,000 in January, resulting in the largest three-month gain in 17 years, and improving the odds the Federal Reserve will raise interest rates by mid-year.
– Greece may effectively run out of cash in March, as tax revenues and bank deposits continue to fall, and the country has lost access to low-cost, short-term funding from the European Central Bank.
– Wages in Japan rose for the first time in four years, but adjusted for inflation wages continued to fall.
– The London Stock Exchange plans to sell Seattle-based Russell Investments, just a year after purchase.
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