Headlines discussed at LNWM’s Monday morning briefing:
— U.S. domestic crude-oil production hit a 28-high year — 8.4 million barrels daily — largely due to new drilling techniques for shale deposits.
— The stimulus-primed Japanese economy grew at a stellar 5.9% annualized rate in first-quarter 2014, as demand picked up in anticipation of the sales-tax hike in April.
— By contrast, the Eurozone economies expanded only 0.8% annualized during first-quarter 2014, despite an acceleration in German growth.
— Largely due to deflation fears, German investor confidence plummeted in April (to 33.1 from 43.2 on the ZEW Center Index); the 5th consecutive monthly decline.
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