• Macro: Markets were unusually mixed yesterday with the S&P 500 down slightly and the Nasdaq up by roughly the same amount, as the Magnificent 7 staged a small rally and the broader S&P whipsawed ahead of today’s important Non-Farm Payroll data. In Europe the Stoxx 600 broad index was down marginally. Later this morning, we get French industrial production and trade at 7.45am, the EU GDP and employment data for Q2 at 10am, at 11am we have the Irish live unemployment register. Over in the US the focus will be on the Non-Farm Payroll data at 1.30pm (165k est.) along with the unemployment rate (4.2% est.), average hourly earnings (3.7% you est.), weekly hours worked (34.3hrs est.) and labour participation rate (62.7% est.). he Fed’s Williams and Waller will be giving speeches today.
• Stock: We have updates on Visa, Microsoft, Cairn Homes, and CRH.
• Debt: Bond yields moved modestly lower based on mixed economic results.

• Discretionary Investments: Asset Allocation Q3 2024
• Focus Feature: Political Divergences in Europe: France vs. Ireland in 2024
• Analyst Conviction List: Cairn Homes and FBD
• Asset Management: The Latest on Our Funds
• The Fund Edit: An Update on Our Range of Investment Funds, ETFs and Trusts
• Performance Data: The Most Recent Figures on Capital Protected Products

Opportunities this week:

• We recently issued an updated research note on CRH. (BUY PT: $100)
• On Friday we met with investor relations from AIB to discuss H1 results and outlook. (HOLD PT: €5.61)
• Last week it was reported that Shell is planning a significant reduction in its oil and gas exploration and development workforce, aiming to cut around 20% of jobs in these units. (BUY PT: £34)