Macro Briefing: 24 May 2022

* US-China relations strained by Biden’s comments on defending Taiwan
* US policy for trade policy with China remains unclear
* European Union embargo on Russian oil imports expected ‘within days’
* Eurozone growth is ‘robust’ in May via PMI Composite Index survey data
* ECB chief says central bank in no rush to tighten monetary policy
* The Great Resignation set to roll on, according to a new global survey
* Is Spain the answer to Europe’s Russian energy problem?
* UK private sector growth eases to slowest pace since winter 2021
* US growth remained robust in April via Chicago Fed Nat’l Activity Index: