Macro Briefing: 6 May 2021

* US supports plan to waive intellectual property rules for vaccines
* Treasury Dept. urges Congress to raise US debt level this summer
* World’s biggest pension fund rethinking ESG investing
* Epic rally in lumber prices adds average of $36,000 to cost of new homes
* Global economic growth accelerated to 11-year high in April via survey data
* US Services PMI reflects strongest growth on record (since 2009) in April
* US services growth slowed in April but still strong via ISM data
* Growth in US private payrolls accelerated in April–biggest gain in 7 months:

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