Macro Briefing: Monday, Aug. 2
Here is a brief glimpse at the various macro events taking place throughout the day.
- Bipartisan Senate group finalizes text on infrastructure bill.
- Dems ask White House to extend eviction ban.
- US and UK say Iran responsible for deadly tanker attack off Oman’s coast.
- Pandemic-driven slide in interest rates unleashes global boom in house prices.
- World’s biggest pension fund cuts US bond weighting sharply to 35%.
- Millions of jobless in US are set to lose support in a month.
- Will the Fed change monetary policy due to soaring house prices?
- Revised Eurozone Mfg Index for July reflects ‘resilient’ output reading.
- India Mfg Index returned to growth in July after brief contraction.
- US 10-year and 3-month Treasury yield curve continues to flatten.
Disclosures: None.