Macro Briefing: 2 July 2018

Left-wing populist wins landslide victory in Mexico’s presidential election: CNN
N. Korea appears to be expanding missile manufacturing plant: CNN
European Union warns US of blowback if car tariffs imposed: Reuters
Will German Chancellor Angela Merkel’s ruling bloc collapse? Bloomberg
US consumer spending growth cooled as inflation ticked up in May: Bloomberg
Consumer sentiment reading posts slight gain for June: CNBC
Chicago PMI rose to six-month high in June: ISM Chicago
Wall Street eyes carving up time into nanoseconds: NY Times
GDPNow Q2 economic growth estimate revised down to +3.8%: Atlanta Fed