Daily Archives: Aug 3, 2022 at 08:03 am EDT

Macro Briefing: 3 August 2022

* House Speaker Pelosi’s visit to Taiwan raises U.S.-China tensions
* China’s planned war games appear to be defacto military blockade of Taiwan
* China Composite PMI, a GDP proxy, eased in July but still shows solid growth
* Eurozone survey data show currency bloc slipped into recession in July
* Turmoil looms for global semiconductor market as US eyes new China chip curbs
* Household debt rose above $16 trillion in Q2 for the first time
* US gasoline prices continue to ease, nearing $4 a gallon
* US job openings fell to nine-month low in June:

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