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Macro Briefing | 22 May 2020

Summary:
US set to withdraw from another nuclear arms treaty: CNN In threat to Hong Kong’s independence, China signals stricter oversight: BBC China omits growth target, suggesting challenging economic outlook: WSJ US-China tensions rise on new front: financial markets: CNBC Economist predicts 40%-plus of lost jobs in US are gone forever: NY Times UK retail spending crashed 18% in April–biggest monthly drop on record: FT US Leading Economic Index continued to fall in April after record drop: CB US existing home sales fell sharply in April: CNBC Philly Fed Mfg Index in May still reflects deep sector downturn: MW US jobless claims continued to surge last week, rising 2.4 million: CNBCComposite PMI survey data for April points to deep loss for US GDP in Q2:

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US set to withdraw from another nuclear arms treaty: CNN
In threat to Hong Kong’s independence, China signals stricter oversight: BBC
China omits growth target, suggesting challenging economic outlook: WSJ
US-China tensions rise on new front: financial markets: CNBC
Economist predicts 40%-plus of lost jobs in US are gone forever: NY Times
UK retail spending crashed 18% in April–biggest monthly drop on record: FT
US Leading Economic Index continued to fall in April after record drop: CB
US existing home sales fell sharply in April: CNBC
Philly Fed Mfg Index in May still reflects deep sector downturn: MW
US jobless claims continued to surge last week, rising 2.4 million: CNBC
Composite PMI survey data for April points to deep loss for US GDP in Q2:

Macro Briefing | 22 May 2020

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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