• Macro: Equity markets were slightly weak yesterday, with the Eurostoxx600 and the S&P500 both ending the session broadly flat, whilst the Nasdaq posted a modest loss, as heightened geopolitical risks weighed on investor sentiment across the globe. From an economic perspective later today, out of the US, we have weekly initial jobless claims and the Philadelphia Fed Business Outlook Survey (Nov) at 13:30, whilst Existing Home Sales (Oct) and the Leading Index (Oct) are to be released at 15:00. It is a busy day from a central bank perspective which will include commentary from the ECB’s Villeroy, Cipollone and Lane, as well as Goolsbee and Barr from the Fed.
• Stock: We have an update on Volkswagen’s latest investor roadshow and the automaker’s ongoing labour dispute. (Comment attached)
• Debt: Core bond yields were relatively unchanged yesterday, as Central Bank commentary came with no surprises.

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Opportunities this week:

• The recent selloff in Kingspan’s shares has the stock trading near a YTD low, providing an attractive entry point for investors looking to add exposure to the name. (BUY PT: €93)
• Over the past couple of months Dalata has made a number of positive moves, including communicating management’s 2030 vision to the market, adding capacity in Dublin, and a pipeline addition in London. (BUY PT: €5.40)
• Last week DCC announced a shift in its strategy, resulting in a planned transition to a more streamlined business that will be fully focused on the energy sector. (BUY PT: £71)