Macro Briefing: 3 January 2022

* Biden reaffirms ‘decisive’ support to Ukraine if Russia invades
* Hospitalization rate is the main stress test for Omicron, says Fauci
* Economists expect US employment to strengthen despite Covid-19 surge
* ‘Inflation’ is most frequently cited term in Wall Street firms’ 2022 outlooks
* Trading suspended in Hong Kong for troubled property developer Evergrande
* At least 20 US states set to raise minimum wage rate
* China manufacturing sector continued expanding in December via survey data
* BlackRock and Vanguard are cautious on US Treasury market outlook for 2022
* US 10yr Treasury yield starts 2022 at middling rate relative to 2021’s range: