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Macro Briefing: 16 April 2021

Summary:
* China GDP surged in Q1 on year-over-year basis* Pfizer CEO: public will likely need third Covid shot within 12 months* Japanese prime minister will be first foreign leader to visit Biden’s White House* Biden bans US banks from buying, underwriting Russian debt sales* Stagflation is a growing economic threat, predicts economist Nouriel Roubini* Jobless claims in US fell to new pandemic low last week* Two regional Fed manufacturing surveys posted stronger growth in April* US industrial production rebounded in March, led by manufacutring growth* US retail sales surged in March thanks to stimulus checks:

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* China GDP surged in Q1 on year-over-year basis
* Pfizer CEO: public will likely need third Covid shot within 12 months
* Japanese prime minister will be first foreign leader to visit Biden’s White House
* Biden bans US banks from buying, underwriting Russian debt sales
* Stagflation is a growing economic threat, predicts economist Nouriel Roubini
* Jobless claims in US fell to new pandemic low last week
* Two regional Fed manufacturing surveys posted stronger growth in April
* US industrial production rebounded in March, led by manufacutring growth
* US retail sales surged in March thanks to stimulus checks:

Macro Briefing: 16 April 2021

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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