Headlines discussed at LNWM’s Monday morning briefing:

— The OECD foresees stagnant, 3% global growth in 2016, with US and China growth lower than in 2015.
— The US added only 38,000 jobs in May, lowest number in 5.5 years, dimming prospect of June rate hike.
— The European Central Bank said it’s prepared for “Brexit,” and this would hurt Britain more than EU.
— OPEC nations again failed to agree on oil production limits, allowing for peak-level output to continue.
— India’s economy grew 7.9% in 1st Qtr. 2016 (vs. 6.7% for China) — world’s fastest growth rate by far.

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