Macro Briefing: 1 July 2021

* NY grand jury indicts Trump Organization and its CFO
* US and Japan conducting war games as China-Taiwan tensions rise
* China president pledges ‘complete reunification’ with Taiwan
* China Mfg PMI: sector growth eased to 3-month low in June
* Fed’s Kaplan: central bank should soon begin paring bond purchases
* Eurozone Mfg PMI rose to record high in June
* US pending home sales rebounded sharply in May
* Chicago area business activity was surprisingly weak in June
* US private employment rose 692,000 in June — more than economists expected:

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