Macro Briefing: 5 May 2022

* Analysts raise concerns on risk of new Russian escalation of war on Ukraine
* US 10yr Treasury yield pulls back from 3.0% after Fed’s 50-basis-point rate hike
* Rate hikes in US will create headwinds for foreign economies
* Falling US jobless rate may complicate Fed’s strategy to fight inflation
* Surging energy prices lift oil giant Shell quarterly profit to 14-year high
* European companies are rethinking investing in China
* China’s economic contraction accelerated in April via PMI survey data
* German factory orders fell again in March, posting biggest drop in 5 months
* US ISM Services Index slipped in April but still reflects solid growth
* US hiring at companies slows more than expected in April:

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