- It was risk off day for equities with all major indices finishing the session in the red.
- Smurfit Kappa this morning confirmed that it is in discussions with US peer Westrock on a potential combination to create Smurfit Westrock.
- We have issued a research note on Diageo this morning in which we have retained our Buy recommendation.
- The above noted strength in service-sector activity pushed core yields higher as it increased the risk of another rate increase by year-end.
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