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Daily Note 15/07/2025 – Market View: Day Ahead, Macro, Stocks, Debt Markets

24.07.2025



  • Macro: Equity markets were mixed yesterday, with the S&P500 (+0.1%) and Nasdaq (+0.3%), while Europe’s Stoxx 600 index ended lower (-0.1%). Economic releases out today in Europe, Germany ZEW Survey and Eurozone Industrial Production at 10:00, while in the US, at 13:30 core US inflation is anticipated to show a modest increase for the month of June, while Empire Manufacturing is expected to improve, albeit still in negative territory. From central bankers, we have Bailey from the BOE and Barkin, Barr and Bowman from the Fed will be speaking.
  • Stock: We have updates on DCC, PTSB, SUPR, Rio Tinto and Dalata. (see pages 2&3)
  • Debt: Core bond yields remained relatively stable due to the absence of economic data and as the market’s focus is on the US core CPI data today to gauge the effect of President Trump’s tariff war.