Macro Briefing: 7 December 2022

* Warnock defeats Walker, giving Dems 51-49 majority in Senate
* China is dismantling its zero-Covid policy
* Will Biden’s green agenda start a new trade war?
* US vows to ramp up natural gas supplies to Britain
* Can Germany avoid recession with a resilient industrial sector?
* Taiwan’s computer chip giant TSMC will triple investment in US plan
* Crude oil (US WTI benchmark) falls to one-year low:

Some analysts say the outlook for European shares is improving. “The Fed and the ECB are winning the war against inflation, and at some point, we’re going to see a pause from the central banks. This is something that will drive the market higher,” predicts Roland Kaloyan, head of European equity strategy at Société Générale.