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Macro Briefing: 30 November 2021

Summary:
* Biden says Omicron lockdown unnecessary, at least for now* Fed Chair Powell: Omicron poses threat to US economy* Moderna CEO says vaccines will struggle with Omicron* Pandemic unleashes historic burst of entrepreneurship and self-employment* Eurozone inflation reaches record high in November: 4.9% year on year* China Mfg PMI in Nov posts growth for first time in 3 months* Dallas Fed Mfg Index continues to indicate strong sector growth in November* US pending home sales up sharply in October, pointing to strong market ahead:

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* Biden says Omicron lockdown unnecessary, at least for now
* Fed Chair Powell: Omicron poses threat to US economy
* Moderna CEO says vaccines will struggle with Omicron
* Pandemic unleashes historic burst of entrepreneurship and self-employment
* Eurozone inflation reaches record high in November: 4.9% year on year
* China Mfg PMI in Nov posts growth for first time in 3 months
* Dallas Fed Mfg Index continues to indicate strong sector growth in November
* US pending home sales up sharply in October, pointing to strong market ahead:

Macro Briefing: 30 November 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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