Macro Briefing: 25 April 2022

* Macron reelected as France’s president, defeating far-right candidate
* US officials, after visiting Ukraine, pledge more military support
* Covid-19 outbreak continues to roil China
* Rising mortgage rates could create housing shortage, advises economist
* Bond market’s pricing in faster rise in inflationary pressures for years ahead
* US labor market hints at possible easing of inflation pressure
* A new energy crisis is in full swing
* German economic sentiment stabilizes in April, posting slightly higher reading
* A recession in Europe has started, according to Sentix survey data in April:

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