Headlines discussed at LNWM’s Monday morning briefing:
— Stock markets fell globally on Friday: concerns about corporate earnings, slowing growth in China, a potential Greek exit from the Eurozone, as well as a Bloomberg outage all weighed on markets.
— Schlumberger, the largest oil services firm, will cut 11,000 more workers, 20,000 total so far in 2015.
— China’s Q1 GDP growth rate (+7%) is the slowest rate in six years; more stimulus is expected.
— Google was accused of antitrust activity by the European Union.
— Japan overtook China as the largest foreign holder of U.S. Treasury debt, $1.22 trillion.
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