Macro Briefing: 3 July 2018

Germany’s Merkel stays in power by compromising on migration: CNN
Trump and Mexico’s new president vow to work together: USA Today
Trump warns World Trade Organization of action if US isn’t treated fairly: Reuters
Trump warns NATO countries to spend more on defense: NY Times
Construction spending in US rose 0.4% in May: MarketWatch
ISM Mfg Index: US factory output up more than expected in June: Bloomberg
PMI: US mfg growth eased but remained strong in June: IHS Markit
Eurozone mfg growth dipped to 18-month low last month: IHS Markit
10 Tech stocks account for all of S&P 500’s gain in 2018’s first half: Bloomberg