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Macro Briefing: 1 April 2021

Summary:
* Biden outlines trillion infrastructure plan* Businesses voice opposition to Georgia’s restrictive changes in voting laws* China manufacturing growth slowed to softest pace in nearly a year* Eurozone mfg output accelerated to record high growth in March via PMI data* US pending home sales fell sharply in Feb due to lowest supply in history* Chicago PMI, a regional economic indicator, rose in March to highest since 2018* US dollar’s share of global reserves falls to 25-year low* US companies added jobs in March at fastest pace since September:

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* Biden outlines $2 trillion infrastructure plan
* Businesses voice opposition to Georgia’s restrictive changes in voting laws
* China manufacturing growth slowed to softest pace in nearly a year
* Eurozone mfg output accelerated to record high growth in March via PMI data
* US pending home sales fell sharply in Feb due to lowest supply in history
* Chicago PMI, a regional economic indicator, rose in March to highest since 2018
* US dollar’s share of global reserves falls to 25-year low
* US companies added jobs in March at fastest pace since September:

Macro Briefing: 1 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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