Macro Briefing: 14 July 2021

* Senate Democrats propose $3.5 trillion infrastructure plan
* US Covid-19 cases rising again after months of decline
* Death toll mounts from protests in parts of South Africa
* Global holdings of Chinese stocks and bonds continues to surge
* US oil demand rebounds to pre-pandemic levels
* Europe set to propose plan to sharply cut use of fossil fuels
* US small business sentiment rose to eight-month high in June
* Inflation in UK picks up to 3-year high
* US consumer inflation continued to accelerate in June: