Macro Briefing: 2 August 2018

Iran set to conduct provocative military exercises in Persian Gulf: CNN
Turkey’s markets tumble after US imposes sanctions: Bloomberg
Fidelity to launch first set of zero-fee index funds: MarketWatch
Federal Reserve left interest rates unchanged on Wednesday: NY Times
Trade tensions, labor shortages weigh on US ISM Mfg Index in July: Reuters
US Mfg PMI slips to 5-month low in July: IHS Markit
Construction spending in US dropped 1.1% in June: MarketWatch
ADP: US private-sector jobs up +1.86% in July vs. year ago, a 2-year high: CNBC