Headlines discussed at LNWM’s Monday morning briefing:

— The U.S. economy contracted nearly 3% in first-quarter 2014, the fastest decline since the 2008 recession.

— Sales of new U.S. homes rose 19% in May, to an annual rate of 504,000, the fastest pace in six years.

— Japan’s Prime Minister announced plans to stimulate growth through tax cuts and fewer regulations.

— Job availability in Japan hit a 22-year record high, with 109 positions open for every 100 applicants.

— Seattle-based Russell Investments agreed to be sold to the London Stock Exchange for $2.7 billion.

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