Macro Briefing: 2 February 2021

* GOP pushes Biden to embrace smaller relief bill
* China’s top diplomat warns US not to cross ‘red line’ on human rights issues
* Mynamar coup complicates Biden’s Asia strategy
* CBO projects that US economic expansion will continue in 2021
* US construction spending rose for a third month in December
* Eurozone economy contracted 0.7% in final quarter of 2020
* US Manufacturing PMI reaches record high in January
* US ISM Manufacturing Index: sector growth slowed in January: