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Macro Briefing: 12 May 2021

Summary:
* Israel-Palestine conflict continues to escalate, sparking fear of new war* Today’s US inflation report for April is expected to show sharp increase* Signs of panic buying of gas along East Coast after pipeline shuts down* Major US fuel pipeline moving closer to reopening* US detentions at border rose to highest in two decades in April* UK economy fell 1.5% in the first quarter but rebounded in March* Small business optimism rose in April but report trouble hiring workers* US job openings soared in March, but hiring remained relatively subdued:

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* Israel-Palestine conflict continues to escalate, sparking fear of new war
* Today’s US inflation report for April is expected to show sharp increase
* Signs of panic buying of gas along East Coast after pipeline shuts down
* Major US fuel pipeline moving closer to reopening
* US detentions at border rose to highest in two decades in April
* UK economy fell 1.5% in the first quarter but rebounded in March
* Small business optimism rose in April but report trouble hiring workers
* US job openings soared in March, but hiring remained relatively subdued:

Macro Briefing: 12 May 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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