Macro Briefing: 25 May 2018

Trump cancels N. Korea meeting and China stands to benefit: NY Times
Taiwan scrambles jets as Chinese bombers circle island: Reuters
EU official: UK ‘chasing a fantasy’ in Brexit talks: Guardian
Revised UK GDP data for Q1 remains at sluggish +0.1%: Bloomberg
Mexican president is ‘optimistic’ as country makes new NAFTA offer: Reuters
Big tech faces big lawsuits as Europe’s new data protection law kicks in: CNN
ECB minutes: Euro zone growth could slow further: Reuters
US existing home sales fall in Apr; y-o-y change is negative for 2nd month: Builder
US jobless claims increase to 7-week high: MarketWatch
Kansas City Fed Mfg Index rises to new record high in May: KC Fed
2018 Atlantic hurricane season expected to be near- or above-normal: NOAA