• Macro: It was a mixed session for equity markets yesterday with the EuroStoxx600 falling, whilst in the US the Nasdaq and S&P500 both made gains ahead of busy day of economic data releases today. All eyes will be on the US where the Fed’s preferred gauge of inflation, Core PCE prices, is released at 13:30 which is expected to show solid progress in June. Also out of the US, we have the Uni. of Michigan Consumer Sentiment and Chicago PMI releases for June, both are expected to show improving trends. In Europe, we get CPI, and PPI price data from France for June, and from Germany unemployment data.
• Stock: We have issued updates on both GSK and Nike.
• Debt: US treasury yields pulled back ahead of today’s core PCE print.

• Asset Allocation
• Discretionary Investments: Asset Allocation Q2 2024
• Wealth Management: Auto-Enrolment Pension System in Ireland: What You Need to Know
• Analyst Conviction List: The investment case for our preferred names
• Cantor Fitzgerald Asset Management: The latest update on our funds
• Corporate Finance News: Real Estate’s Check-Up Q1 2024
• Performance Data: The most recent figures on our structured products

Opportunities this week:

• We are reiterating our BUY rating on Smurfit Kappa Group following the favourable news flow for the stock last week. (BUY PT: €47.50)
• Following further EU sanctions on Russian LNG and the acquisition of Pavilion Energy last week. We are reiterating our BUY rating on Shell. (BUY PT: £34)
• We are dropping our coverage of Newmont due to operational issues and the fact we no longer see it as a suitable proxy for the gold price. (Dropping Coverage)