Headlines discussed at LNWM’s Monday morning briefing:
— China threatened to blacklist US firms after the US cut off supplies to Chinese telecom giant Huawei, escalating trade tensions.
— Starting June 10, the US will impose an escalating 5% tariff on Mexican imports, until the country blocks illegal immigration to the US.
— US home price gains cooled in March for 12th straight month (up 2.7% vs. prior year), lowest rise since 2012.
— The yield on 2-year US Treasuries dropped below 2%, reflecting market expectations that Fed will cut interest rates going forward.
— Italy could be hit with $3.4 billion fine for violating Eurozone rules on deficit spending, after policymakers meet this week.
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