Headlines discussed at LNWM’s Monday morning briefing

— Centrist Emmanuel Macron led the primary vote for French President; expected to win May 7 election.
— US existing home sales rose 4.4% in March, highest pace since 2007; prices up 6.8% in 12 months.
— US Treasury Secretary Mnuchin said US tax reform likely in 2017, despite setback on healthcare.
— British Prime Minister Teresa May called June 8 election to bolster support for Brexit negotiations.
— US 1st qtr. profits reported so far show mixed results for financials; Goldman Sachs down, BoA up.

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