Macro Briefing: 28 May 2021

* Biden proposes $6 trillion budget for next year with $1.8 trillion federal deficit
* Russia suspected in new hack on government email accounts
* Senate to pass $195 billion legislation to boost US competitiveness With China
* Eurozone economic sentiment rises to 3-year high in May
* US will not rejoin key arms control deal with Russia
* US core durable goods orders rose sharply in April
* US pending home sales fell in April–third monthly decline in past four
* Revised US Q1 GDP growth holds at strong +6.1 increase
* US jobless claims continue to improve, falling to another pandemic low: