Macro Briefing | 4 June 2020

US protests continue but subdued after after new charges in Floyd case: AP
Much of US govt’s coronavirus stimulus funds have been spent or committed: WSJ
Today’s US jobless claims set for slower rise but still painfully high: Reuters
European Central Bank set to ramp up stimulus program: CNBC
Will China weaponize its $1 trillion-plus hoard of US Treasuries? MW
Hedge funds prepared for second stock-market downturn: FT
Global economic downturn eases in May after record decline: IHS Markit
US factory orders continued to plunge in April: Reuters
Speed of US downturn in US services sector eased in May: IHS Markit
US private sector lost 2.76 million jobs in May: MW