Headlines discussed at LNWM’s Monday morning briefing:

— The European Central Bank set a negative 0.1% deposit rate, to combat troublingly low inflation by encouraging bank lending and consumer spending.

— U.S. payrolls added 217,000 more workers in May; the fourth month in a row with increases of more than 200,000.

— U.S. auto sales increased at an annual rate of 16.8 million in May, the strongest pace since February 2007, and up from the 15.5 million rate in May 2013.

— Greek Prime Minister Antonis Samaras shut down Parliament early, prior to the scheduled summer vacation, without official explanation.

— Seattle’s City Council unanimously voted to phase in a $15/hour minimum wage; the highest in the U.S.

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