Macro Briefing: 6 May 2022

* Leaked Supreme Court draft opinion suggests precedents may be overturned
* Global economic growth slips to 22-month in April via PMI survey data
* World food prices pull back slightly in April after reaching record high
* Slowing China growth and rising global rates are major headwinds, analysts say
* Significant recession brewing for Europe, predict several CEOs of blue chip firms
* German 10-year yield rises to highest level since 2014
* Argentina’s central bank bans cryptocurrency transactions at country’s banks
* Globalization still a critical driver for large US companies
* Worker productivity in US falls at sharpest rate since 1947
* US jobless claims rise to highest level since February:

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