Macro Briefing: 8 October 2021

* Senate approves short-term fix to lift US debt ceiling
* China’s energy crunch is reverberating throughout the global economy
* China orders ramp-up in coal production to ease energy crunch
* Natural gas industry scrambles to meet demand amid supply shortage
* Global minimum tax deal could be announced as early as today
* US consumer credit growth slowed to seven-month low in August
* China services sector activity rebounded in September
* US jobless claims fell more than expected last week–close to pandemic low:

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