- Global stock markets traded cautiously higher yesterday with attention firmly focused on a series of central bank meetings, commencing with the US Federal Reserve’s widely expected decision to pause rates yesterday after 10 consecutive hikes since March 2022.
- VW outlined a new efficiency program yesterday, entitled “ACCELERATE FORWARD”, which aims to deliver a sustainable increase in earnings of €10bn in 2026 and a 6.5% return on sales for the core VW brand. (Comment Attached)
- Bond yields were little changed yesterday.
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