- Macro: It was a mixed session for equities yesterday with Europe ending marginally lower whilst across the Atlantic, the Nasdaq and the S&P 500 both finished the day slightly higher as investors positioned ahead of a raft of earnings releases and central bank meetings this week. From an economic perspective, GDP data indicated that France grew faster than expected in Q2 climbing 1.1% YoY, which in turn should provide a positive read through for Eurozone GDP, which is released at 10.00 and expected to grow by 0.5% YoY. Across the Atlantic, at 15.00 the Conference Board’s read of consumer confidence is likely to have contracted in July relative to the prior month whilst Jolts Job Openings data for June is expected to have declined MoM but still indicate there is 8m unfilled jobs in the US.
- Stock: We have issued updates on Diageo and Uniphar following full year earnings release and a H1 trading update respectively.
- Debt: Core Bond yields fell yesterday as market participants positioned themselves ahead of a busy week of economic data.
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