Macro Briefing: 2 April 2021

* Economists see two-speed growth outlook for global economy with US leading
* Global Manufacturing PMI rose to 10-year high in March
* European Union’s credibility at risk after bloc’s mistakes during pandemic
* China puts new limits on foreign banks’ business operations in the country
* US construction spending fell in Feb, probably due to unusually cold weather
* Inflation pressures building in the US manufacturing sector
* US jobless claims were higher than expected last week
* ISM Manufacturing Index rose to a 37-year high in March: