Headlines discussed at LNWM’s Monday morning briefing:

— Europe’s central bank launched a historic monetary stimulus program ($68 billion a month in bond purchases) to revive the region’s sputtering economies.

— Saudi Arabia’s new ruler is expected to maintain the country’s energy policies and current levels of oil production.

— The International Monetary Fund reduced its 2015 global growth forecast to 3.5% (from 3.8%), the steepest drop in three years.

— The Bank of Japan maintained its monetary stimulus, while sharply reducing its 2015 inflation estimate.

— The Japanese workforce is losing about 1 million workers annually, due to aging workers and low immigration levels.

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