Macro Briefing | 25 August 2020

Republicans open convention with dark warnings about Democrats: BBG
Fauci, top US virus expert, warns against rushing out a vaccine: BBC
Tropical storm becoming hurricane as it heads to Louisiana: CNN
China’s recovery has momentum, closing gap with US economy: WSJ
Worst of economic hit from coronavirus may be over, says economist: CNBC
Global dividends fall to lowest level in more than a decade: MW
Exxon Mobil removed from Dow Jones Industrials in reshuffling of index: BBG
Business sentiment in Germany improved more than expected in August: Reuters
Revised GDP for Germany shows a slightly softer 9.7% Q2 decline: Reuters
Chicago Fed Nat’l Activity Index (3mo avg) signals end of recession in July: ChiFed

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