Macro Briefing: 2 September 2021

* Hurricane Ida’s remnants bring widespread flooding to US Northeast
* Global mfg growth slipped to six-month low in August via PMI survey data
* US construction spending ticked up to 9.0% annual gain, a pandemic high
* Will ending eviction protections harm the economic recovery?
* The outlook for merger arb trades looks encouraging, predicts GMO
* US manufacturing posts slightly stronger growth in August
* US private payrolls grew faster in August, but less than forecast via ADP data:

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