Headlines discussed at LNWM’s Monday morning briefing:

— The European Union will impose tariffs on US goods worth $3.3 billion starting in July, a retaliatory move.
— Emerging market stocks and bonds were rattled by fears of trade war and rising US interest rates.
— At the end of April, the US had more job openings (6.7 million) than unemployed workers to fill them.
— The European Central Bank will discuss next week how to end monetary stimulus, most likely this year.
— Argentina signed $50 billion, 3-year financing deal with the IMF, after years of shunning the organization.

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