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Macro Briefing: 2 April 2021

Summary:
* Economists see two-speed growth outlook for global economy with US leading* Global Manufacturing PMI rose to 10-year high in March* European Union’s credibility at risk after bloc’s mistakes during pandemic* China puts new limits on foreign banks’ business operations in the country* US construction spending fell in Feb, probably due to unusually cold weather* Inflation pressures building in the US manufacturing sector* US jobless claims were higher than expected last week* ISM Manufacturing Index rose to a 37-year high in March:

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* Economists see two-speed growth outlook for global economy with US leading
* Global Manufacturing PMI rose to 10-year high in March
* European Union’s credibility at risk after bloc’s mistakes during pandemic
* China puts new limits on foreign banks’ business operations in the country
* US construction spending fell in Feb, probably due to unusually cold weather
* Inflation pressures building in the US manufacturing sector
* US jobless claims were higher than expected last week
* ISM Manufacturing Index rose to a 37-year high in March:

Macro Briefing: 2 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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