Macro Briefing: 19 May 2021

* Israel-Gaza conflict continues with no sign of ceasefire
* China accuses US of threatening peace as warship transits Strait of Taiwan
* World currently facing multiple crises, UN Secretary warns
* Ex-Treasury secretary Summers says Fed will be forced into sudden rate rise
* President, Treasury secretary promote $2.3 trillion infrastructure package
* Is 4% inflation the tipping point for triggering lower stock prices?
* Chinese regulators tighten rules on using cryptocurrencies for payments
* US housing starts fell sharply in April but building permits rose moderately: