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Daily Note 21/08/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets

21.08.2024



  • Macro: It was a weaker session for equities yesterday with Europe, the S&P 500 and the Nasdaq all ending the day down, as markets take a breather following eight straight days of gains. Later today, in the US at 15:00 preliminary annual payrolls revision will be released and at 19:00 FOMC minutes will give investors more insight into its July meeting.
  • Stock: The European Commission yesterday communicated its intention to automakers to move forward with the previously criticised move to impose tariffs on Electric Vehicles manufactured in China.
  • Debt: Core Bond yields drifted lower yesterday as bond markets continue to trade sideways.