Macro Briefing: 11 May 2018

ISIS still a threat ahead of Iraq’s election on Saturday: USA Today
Iran supports Syria’s right to respond to Israel’s attacks: Reuters
Oil on track for 2nd weekly gain amid rising Mideast tensions: Bloomberg
Is Trump walking into a trap in upcoming N. Korea meeting? Politico
US jobless claims remain low, sticking close to 49-year low: MW
US consumer inflation ticks up to 2.5% annual rate in April: Reuters
Bank of England leaves interest rates unchanged: Independent
US stock market rally continues with S&P 500 near 2-month high: Reuters