Be Fraud Aware: By staying vigilant, you can help yourself from being the victim of fraud.

Back

Overview Wealth Planning Service Discretionary Investment Service Other Investment Services
Overview Investment Solutions Pension Solutions SDIO Application Forms – Intermediaries
Overview

Cantor Fitzgerald Asset Management

Overview Market Updates Useful Forms Sustainability Disclosures
Fund Centre

Multi-Asset Funds

Overview Multi-Asset 70 Fund Multi-Asset 50 Fund Multi-Asset 30 Fund Balanced Fund

Equity Funds

Overview Irish Equity Fund Global Equity Fund Global Equity UCITS Fund Global Equity Income Fund

ESG/Ethical Funds

Overview Green Effects Fund Paris Aligned Global Equity Fund Ethical Fund Ethical Global Equity Fund

Thematic Funds

Overview Technology Fund Infrastructure Impact Fund New Haven Housing Fund

Alternative Investment Fund

Alternative Investment Fund (RIAIF)

Fixed Income & Cash Funds

Overview Cash Fund Long Bond Fund Fixed Interest Fund
Overview

Corporate

Overview

Real Estate

Overview Capital Markets & Advisory

Credit Unions

Overview Investment Advisory Services
Debt Capital Markets Probate Services
Dedicated to institutional wealth, stakeholder value, and a sustainable future

Dedicated to institutional wealth, stakeholder value, and a sustainable future

Overview Investment Services Stewardship
Supportive of you, your custodial 
vision, and your philanthropic goals

Supportive of you, your custodial 
vision, and your philanthropic goals

Daily Note 02/09/2025 – Market View: Day Ahead, Macro, Stocks, Debt Markets

02.09.2025



  • Macro: Equity markets had a quiet day yesterday with US markets closed for Labour Day holiday, Europe was slightly positive +0.23%. In Europe, it was a balanced day with six of eleven sectors higher, and 48.7% of stocks in positive territory. Industrials and Healthcare were best, with Utilities and Consumer Discretionary worst. Defence and Aerospace stocks like Leonardo (+4.5%), Rheinmetall (+3.5%) and Rolls-Royce (+2.8%) had a strong day, after it was reported that Europe is working on plans for post-conflict deployment of forces in Ukraine. In macro news yesterday Ireland’s Manufacturing PMI declined slightly to 51.6 from 53.2 in August, whilst for France the August final Manufacturing PMI reading was revised up slightly to 50.4 from 49.9 and for the Eurozone the Mfg PMI was raised to 50.7 from 50.5. The UK’s Nationwide House Price index fell -0.1% MoM in August, leading YoY increases to miss expectations by 0.6% at +2.1% YoY. Also, in the UK for July, mortgage approvals beat estimates at 65.4k. The Eurozone Unemployment rate remained stable as expected at 6.2%. Finally, preliminary Irish harmonised CPI rose to +1.8% YoY in August (vs +1.6% prior) Economic releases today include the French Budget balance; EU’s CPI preliminary read for August (2.2% YoY est.). And in the US, we get finalised US Manufacturing PMI, and the August ISM manufacturing survey (Aug 49.0 est., 48 prior), with July’s Construction Spending data (-0.1% est., -0.4 prior). From the Central Bankers, only Muller from the ECB is expected to speak today.
  • Stock: Ryanair: (Overweight: PT €29.50, Upside 17.4%) Update on August traffic numbers.Uniphar: (Overweight: PT €4.75, Upside 17.5%) Review of H1 results. Nestle (Overweight: PT CHF86.67 Upside 14.8%) Dismissal of CEO. Datalex (De-listing) Further details on delisting Regulatory News | Datalex. Dalata (De-listing) Recap on H1 results and further information on acquisition.
  • Debt: Bond yields finished 2/3 basis points higher yesterday in thin liquidity given the US Labour Day holiday. The long end continues to suffer with 30-year yields hitting multi-year highs.