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Macro Briefing: 6 May 2021

Summary:
* US supports plan to waive intellectual property rules for vaccines* Treasury Dept. urges Congress to raise US debt level this summer* World’s biggest pension fund rethinking ESG investing* Epic rally in lumber prices adds average of ,000 to cost of new homes* Global economic growth accelerated to 11-year high in April via survey data* US Services PMI reflects strongest growth on record (since 2009) in April* US services growth slowed in April but still strong via ISM data* Growth in US private payrolls accelerated in April–biggest gain in 7 months:

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* US supports plan to waive intellectual property rules for vaccines
* Treasury Dept. urges Congress to raise US debt level this summer
* World’s biggest pension fund rethinking ESG investing
* Epic rally in lumber prices adds average of $36,000 to cost of new homes
* Global economic growth accelerated to 11-year high in April via survey data
* US Services PMI reflects strongest growth on record (since 2009) in April
* US services growth slowed in April but still strong via ISM data
* Growth in US private payrolls accelerated in April–biggest gain in 7 months:

Macro Briefing: 6 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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