• Macro: Markets ended the day mixed yesterday with the Stoxx 600 broad index rising slightly, while the S&P 500 and the Nasdaq ended in the red, as investors de-risked ahead of jobs data out later today. Later this morning, Eurozone Q3 GDP growth is expected to remain at 0.9%, whilst in the US at 13:30, we have November Nonfarm Payrolls expected to come in at 218k and Unemployment rate expected to remain flat at 4.1%. At 15:00, the University of Michigan Sentiment index is expected to improve in December. Fed speakers today will include Bowman, Goolsbee, Hammack and Daly.
• Stock: We have updates on our recent meeting with Kerry Group’s CFO along with the financial terms of Aviva’s takeover deal of DirectLine. (Comment attached
• Debt: Core bond yields moved higher in Europe yesterday despite a weaker than forecast German Industrial Production print.

Opportunities this week:

• We are reiterating our BUY rating on Flutter with an increased price target. (BUY PT: $255)
• Kingspan’s shares ended last week near a six-month low, presenting a buying opportunity for investors willing to withstand some short-term volatility for an attractive long-term growth story. (BUY PT: €90)
• Last week we met with the investor relations team of DCC and came away with confidence in the business strategy which targets both topline and margin growth. (BUY PT: €72.50)