Macro Briefing: 24 May 2019

US proposes tariffs on nations with undervalued currencies: Bloomberg
UK Prime Minister May announces resignation: Reuters
India’s Prime Minister Modi wins second term: NY Times
Inflation in Japan edged up to 3yr high in April: Reuters
New US home sales fell in April after reaching post-recession high: MW
US jobless claims dip to 211k, close to 50-year low: MW
KC Fed region factory growth is sluggish in May: KC Fed
US economic sentiment falls to 3-year low in May via Composite PMI: IHS Markit