Headlines discussed at LNWM’s Monday morning briefing:
— The US economy added only 20,000 jobs in Feb. (vs. 180,000 expected), lowest monthly result since Sept. 2017.
— The European Central Bank announced additional monetary stimulus, indicating concern about slowing economic growth.
— Oil price gains sputtered, on higher US inventories and concern about slowing economic growth forecasts in major economies.
— China’s exports (in US dollar terms) were down 20% in Feb. vs. a year ago, adding to pressure on Asian stock markets.
— The Trump adminstration has no plans as of yet to visit China for senior level trade talks, although discussions continue daily.
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