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Macro Briefing: 8 October 2021

Summary:
* Senate approves short-term fix to lift US debt ceiling* China’s energy crunch is reverberating throughout the global economy* China orders ramp-up in coal production to ease energy crunch* Natural gas industry scrambles to meet demand amid supply shortage* Global minimum tax deal could be announced as early as today* US consumer credit growth slowed to seven-month low in August* China services sector activity rebounded in September* US jobless claims fell more than expected last week–close to pandemic low:

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* Senate approves short-term fix to lift US debt ceiling
* China’s energy crunch is reverberating throughout the global economy
* China orders ramp-up in coal production to ease energy crunch
* Natural gas industry scrambles to meet demand amid supply shortage
* Global minimum tax deal could be announced as early as today
* US consumer credit growth slowed to seven-month low in August
* China services sector activity rebounded in September
* US jobless claims fell more than expected last week–close to pandemic low:

Macro Briefing: 8 October 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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