Headlines to be discussed at LNWM’s Monday briefing:

— US retail sales increased 0.4% in April, a sign the economy is not reversing recent momentum.
— The European Central Bank plans to continue monetary stimulus until 2% inflation is firmly established.
— Reform of FNMA and Freddie Mac (guarantee 44% of US mortgages) could cause systemic shocks.
— France’s new President is not likely to give UK special treatment in Brexit negotiations.
— Oil production curbs by major global producers could extend beyond 2017, Saudi Arabia said.

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