• Macro: It was another mixed session for equity markets yesterday with US equities (S&P500 -22bps; Nasdaq -33bps) and European equities (Eurostoxx600 -0.43bps) ending marginally in the red as trade policy uncertainty and macro concerns weighed on investor sentiment. From an economic standpoint the key focus in the currency bloc will be on consumer confidence data for March. In the US we get new homes sales for February and March consumer confidence data.
• Stock: We have updates on earnings releases from FedEx and Nike along with meetings held yesterday with the management teams of Supermarket Income REIT and PTSB. (Comment attached)
• Debt: Core bond yields were little changed yesterday in a day of light economic data releases.

• Discretionary Investments: Plenty of market opportunities on offer for investors in the second half of the decade
• Focus Feature: Building and Preserving Intergenerational Wealth
• Analyst Conviction List: Ryanair & GSK
• Corporate Finance: Farra Marine: Driving Offshore Wing Growth
• Asset Management: The Latest on Our Funds
• Performance Data: The Most Recent Figures on Capital Protected Products

Opportunities this week:

• Following the announcement of Dalata's strategic review and "commencement of a formal sale process", we are reiterating our BUY rating on the stock. Our €6 price target provides 10% upside for investors.
• Given the solid results of PTSB and its relatively large discount to the two main pillar banks, we are reiterating our Buy recommendation on the name with PT of €2.10 (36% upside).
• Following our positive meeting with management last week, we are taking the opportunity to reiterate our BUY rating on IRES REIT. Our price target of €1.20 provides 31% upside, supported by a dividend yielding 5.5%.