Headlines discussed at LNWM’s Monday morning briefing:
— The US economy added 211,000 jobs in April, a major rebound from March; unemployment fell to 4.4%
— Emmanuel Macron, a centrist, won the French Presidential election, in defeat of ultra-right Le Pen.
— The US Federal Reserve held interest rates steady, but markets highly expect rate hike in June.
— The House of Representatives passed healthcare reform; bill likely to be rewritten by Senate.
— China’s factory sector lost momentum in April, with growth slowing to its weakest pace in 7 months.
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