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 07/11/2025 – Market View: Day Ahead, Macro, Stocks, Debt Markets

07.11.2025



  • Equity Markets: Equity markets were weaker yesterday with the S&P500 -1.12% and the Nasdaq -1.90%, as markets reacted to weaker job cuts data and concerns about high AI related valuations. Europe was -0.70%. In the US, only two sectors were in positive territory and 67% of stocks ended lower. Energy and Healthcare were best. Consumer Discretionary and Information Technology were weakest. The Mag 7 fell -2.02%, with Nvidia down -3.6%, and AMD down -7.3%. On the positive side Datadog rose +23% on a revenue beat and strong guidance. Tesla shareholders approved Elon Musk’s $1tr potential pay package. In Europe, three of eleven sectors were in positive territory, with Real Estate and Healthcare best, while Information Technology and Industrials were worst. SAP fell -4.4% and Legrand -12.2% as the electrical device maker’s datacentre growth peaks out, whilst Deutsche Post increased +8.6% as cost savings drove an earnings beat.
  • Macro: In macro news yesterday, the Bank of England kept rates at 4% as expected in a 6-3 vote. German and UK Construction PMIs were weaker than expected for October. The Eurozone’s September Retail sales were in line with estimates at +1% YoY. This morning the German September Trade Balance declined to €15.3bn, below estimates, due to higher-than-expected imports. In the US, the Challenger Job Cuts data for October showed a big increase to +175.3% from -25.8%, the highest October results since the 2003 Dotcom burst. This contrasts with the previous day’s more positive ADP Employment change.Economic releases today in Europe include French Trade Balance (Sep), French Wages (3Q P), Ireland’s Live Register (Oct). Then in the US we (potentially) get Nonfarm Payrolls data (Oct), Unemployment Rate (Oct), Average Hourly Earnings (Oct), University of Michigan Sentiment Index (Nov P), the NY Fed 1-Yr Inflation Expectations (Oct), and finally Consumer Credit (Sep).
  • Stocks:Flutter: (Overweight PT $293, c.35% Upside): Commentary relating to DraftKings quarterly results, a main US competitor of Flutter. Novo Nordisk: (Overweight. DKK474 c.57% Upside): Details relating to agreement with US government on sales of GLP-1 medicines.
  • Debt: A combination of weak US labour market data (Challenger survey, Revelio Labs) and a dovish hold from the BOE drove yields 2/3 basis points lower yesterday.