- Macro: Equities in Europe showed mostly positive performance to kick-off September yesterday, which is traditionally a difficult month for markets. The Eurostoxx600 ended broadly unchanged, whilst the CAC40 and the DAX both moved modestly higher. Markets in the US were closed for Labour Day. In economic news during the day ahead, investors should get evidence that US manufacturing activity continued to contract in August but that the rate of contraction has moderated according to the ISM Manufacturing Index. The August ISM Prices Paid Index is to show an expansion, but more moderate than the July print. Additionally, Construction Spending in the US is forecast to have rebound marginally in July following to successive monthly declines. Data is light out of Europe, but we will have commentary out of Joachim Nagel from of the ECB.
- Stock: We have updates on Ryanair, Volkswagen and Uniphar.
- Debt: Core bond yields moved higher yesterday in a light day of economic data.