Macro Briefing | 18 August 2020

California suffers first rolling blackouts in nearly two decades: Politico
China says US damaging global trade with Huawei sanctions: BC
Gold rebounds above $2000/oz. on renewed US-China tensions: BBG
Norway’s sovereign wealth fund — world’s largest — suffers huge 1H loss: CNBC
The recession is just starting to hit US cities: NYT
Latest Covid-19 retail victim: Marks & Spencer to cut 7,000 jobs: MW
NY Fed Mfg Index: sector growth slowed sharply in August: Mstar
US homebuilder sentiment in August rises to match record high: CNBC

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