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Macro Briefing: 9 June 2021

Summary:
* Senate passes bill to strengthen US tech competitiveness with China* Biden ends infrastructure talks; discussions shift to bipartisan group* Biden to begin first foreign trip with Putin and Europe on agenda* EU considers ending tariff battle with US during Biden visit* China’s factory-gate inflation rose to 13-year high in May* US billionaires paid little or no tax* US trade deficit narrowed slightly in April after reaching record level* Small business optimism fell in May as firms struggle to hire workers* US job openings surged in April to record high amid worker shortage:

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* Senate passes bill to strengthen US tech competitiveness with China
* Biden ends infrastructure talks; discussions shift to bipartisan group
* Biden to begin first foreign trip with Putin and Europe on agenda
* EU considers ending tariff battle with US during Biden visit
* China’s factory-gate inflation rose to 13-year high in May
* US billionaires paid little or no tax
* US trade deficit narrowed slightly in April after reaching record level
* Small business optimism fell in May as firms struggle to hire workers
* US job openings surged in April to record high amid worker shortage:

Macro Briefing: 9 June 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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