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Macro Briefing: 7 May 2021

Summary:
* Germany opposes US-backed idea to waive patents on Covid-19 vaccines* Vaccines show promising results against COVID variants* India’s main opposition leader warns that India’s Covid wave threatens world* Biden administration expected to maintain limits on US investments in China* China’s economic growth accelerated in April–fastest to date in 2021 via PMI data* China’s exports surged more than expected in April* Fed warns of risk of ‘significant declines’ in asset prices as valuations climb* Chinese rocket debris expected to hit Earth this weekend.* US jobless claims fell below 500k last week–a new pandemic low:

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* Germany opposes US-backed idea to waive patents on Covid-19 vaccines
* Vaccines show promising results against COVID variants
* India’s main opposition leader warns that India’s Covid wave threatens world
* Biden administration expected to maintain limits on US investments in China
* China’s economic growth accelerated in April–fastest to date in 2021 via PMI data
* China’s exports surged more than expected in April
* Fed warns of risk of ‘significant declines’ in asset prices as valuations climb
* Chinese rocket debris expected to hit Earth this weekend.
* US jobless claims fell below 500k last week–a new pandemic low:

Macro Briefing: 7 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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