Daily Archives: May 12, 2021 at 05:44 pm EDT

Macro Briefing: 12 May 2021

* Israel-Palestine conflict continues to escalate, sparking fear of new war
* Today’s US inflation report for April is expected to show sharp increase
* Signs of panic buying of gas along East Coast after pipeline shuts down
* Major US fuel pipeline moving closer to reopening
* US detentions at border rose to highest in two decades in April
* UK economy fell 1.5% in the first quarter but rebounded in March
* Small business optimism rose in April but report trouble hiring workers
* US job openings soared in March, but hiring remained relatively subdued: