Daily Archives: May 5, 2023 at 08:00 am EDT

Macro Briefing: 5 May 2023

* Uncertainty hammers regional bank stocks as confidence wavers
* US Q2 GDP nowcast ramps up to solid +2.7% via Atlanta Fed’s GDPNow model
* Global manufacturing activity remained slightly negative in April
* German factory orders plunged in March
* Growth in China business activity eased in April via PMI survey data
* US jobless claims rose last week, but remain low by historical standards:

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