Headlines discussed at LNWM’s Monday morning briefing:
— The US economy added 379,000 jobs in Feb., the most in four months, as hiring picked up on Covid-19 vaccinations and reopening.
— US manufacturing expanded again in Feb., the 9th straight month of growth, as virtually all sub-sectors showed improvement.
— US mortgage application demand recently stalled as the 30-year rate surged past 3.2%, the highest level since July.
— OPEC+ maintained lower production quotas, causing oil prices to rise further on brighter economic outlook.
— The US and EU suspended tariffs in an effort to resolve the Boeing-Airbus subsidy dispute.
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