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Macro Briefing: 8 June 2021

Summary:
* Kamala Harris, in Guatemala, tells migrants ‘Do not come to US’* US recovers most of ransom paid by Colonial Pipeline to hackers* Fed in early stages of preparing markets for tapering asset purchases* FDA approves Biogen’s Alzheimer’s disease drug* Higher commodity prices are a risk factor for global economic recovery* Eurozone economy contracted by much less than expected in Q1* Japan’s economy fell less than initially reported in Q1* German industrial output posts unexpected decline in April* US consumer borrowing rose for third straight month in April* US 10-year Treasury yield near two-month low ahead of inflation update:

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* Kamala Harris, in Guatemala, tells migrants ‘Do not come to US’
* US recovers most of ransom paid by Colonial Pipeline to hackers
* Fed in early stages of preparing markets for tapering asset purchases
* FDA approves Biogen’s Alzheimer’s disease drug
* Higher commodity prices are a risk factor for global economic recovery
* Eurozone economy contracted by much less than expected in Q1
* Japan’s economy fell less than initially reported in Q1
* German industrial output posts unexpected decline in April
* US consumer borrowing rose for third straight month in April
* US 10-year Treasury yield near two-month low ahead of inflation update:

Macro Briefing: 8 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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