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Macro Briefing | 3 August 2020

Summary:
Dr Birx, White House task force coordinator: US in ‘new phase’ of pandemic: CNN US stimulus plans still deadlocked in Washington: CNBC Fed may end policy of pre-emptively lifting rates to fight inflation: WSJ New US Covid-19 cases and deaths fell to 4-week lows on Aug 2: JHU Is US dollar’s slide a reaction to country’s struggle with coronavirus? BBG Microsoft says it’s still in talks to buy China’s US division of TikTok: NYT Lord & Taylor, oldest dept. store in US, files for bankruptcy: NPR Eurozone Mfg PMI survey data shows a return to modest growth in July: IHS Markit UK mfg output rises to 32-month high as growth returns in July: IHS Markit US 10-year Treasury real yield fell to -1.0% last week, a record low:

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Dr Birx, White House task force coordinator: US in ‘new phase’ of pandemic: CNN
US stimulus plans still deadlocked in Washington: CNBC
Fed may end policy of pre-emptively lifting rates to fight inflation: WSJ
New US Covid-19 cases and deaths fell to 4-week lows on Aug 2: JHU
Is US dollar’s slide a reaction to country’s struggle with coronavirus? BBG
Microsoft says it’s still in talks to buy China’s US division of TikTok: NPR
Eurozone Mfg PMI survey data shows a return to modest growth in July: IHS Markit
UK mfg output rises to 32-month high as growth returns in July: IHS Markit
US 10-year Treasury real yield fell to -1.0% last week, a record low:

Macro Briefing | 3 August 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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