Macro Briefing: 6 December 2017

Trump expected to recognize Jerusalem as Israel’s capital: Politico
Israel prepares for violence ahead of Trump’s Jerusalem decision: Haaretz
Palestinian envoy: US recognition of Jerusalem is ‘declaring war’: Jerusalem Post
US trade deficit widens in Oct, highest since Jan: USA Today
Survey data shows global growth steady at 2-1/2 year high in Nov: IHS Markit
Modest setback for US ISM Non-Mfg Index Nov after strong Oct report: CNBC
US Services PMI: Softer growth for sector in Nov: IHS Markit
Commercial real estate is the big winner with GOP’s tax cut: NY Times
10-yr/2-yr Treasury spread fell again on Tues, dipping to new decade low of 53bp:

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