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Macro Briefing | 3 July 2020

Summary:
US coronavirus cases top 55,000–a new daily record high: WaPo COVID-19 vaccine candidates set for late-stage clinical studies in July: Reuters Texas governor issues statewide order to wear masks: CNBC US and allies focus on punishing China for new Hong Kong security law: NPR CBO expects US jobless rate will remain 10%-plus through 2020: WSJ Caixin China General Services PMI rose to 10-year high in June: MW Eurozone Composite PMI rebounded for second month in June: IHS Markit US factory orders rebounded in May: Reuters Pace of US jobless claims continue to slow but remain unusually high: MW After record loss, US payrolls continued to rebound in June: CNBC

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US coronavirus cases top 55,000–a new daily record high: WaPo
COVID-19 vaccine candidates set for late-stage clinical studies in July: Reuters
Texas governor issues statewide order to wear masks: CNBC
US and allies focus on punishing China for new Hong Kong security law: NPR
CBO expects US jobless rate will remain 10%-plus through 2020: WSJ
Caixin China General Services PMI rose to 10-year high in June: MW
Eurozone Composite PMI rebounded for second month in June: IHS Markit
US factory orders rebounded in May: Reuters
Pace of US jobless claims continue to slow but remain unusually high: MW
After record loss, US payrolls continued to rebound in June: CNBC

Macro Briefing | 3 July 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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