Macro Briefing: 6 December 2021

* Goldman Sachs cuts forecast of US 2022 GDP growth due to Omicron
* US health experts say early signs suggests Omicron less dangerous than delta
* China’s economic influence on global economy has been fading
* China’s central bank eases banking reserve requirement to boost liquidity
* China Evergrande Group is again on the brink of default; shares plunge
* German industrial orders fell sharply in October due to soft foreign demand
* US payrolls grew much less than expected in November
* Services PMI reaches record high in US, reflecting strong sector activity
* US 10yr-2yr Treasury yield curve narrows to smallest spread in over a year: