Macro Briefing: 18 May 2021

* Israel-Palestinian conflict continues to rage on Tuesday
* Japan’s economy contracted more than expected in first quarter
* Supreme Court will hear case that challenges Roe v. Wade abortion case
* Amazon pursuing deal to acquire MGM in bid to expand entertainment footprint
* Investors rushing into bank stocks for an economic recovery play
* Brent crude oil rebounds to $70 a barrel
* NY Fed Mfg Index ticks lower in May, but still signals strong growth
* US homebuilder sentiment is unchanged in May, holding at high level: