Each day we produce a market commentary outlining critical economic and company developments. We leverage off our global network of analysts and investment professionals to provide clients with critical insights from our local teams first thing in the morning.
12/07/2019 – Market view: Equities flat on open, Trump, CPL, Cairn, Daimler, DCC
The S&P finished yesterday on a record high, but marginally below 3,000 at 2,999.9. Markets are holding gains as the focus switches from the Fed to the earnings. Asia was mixed overnight after an unexpected contraction in Singapore’s GDP and President Trump complained about China’s lack of action on US agricultural products. European equities have opened flat this morning. German yields have made a significant move higher from recent record lows of -40bps to -22bps, which has seen financials trade higher. The market is firmly focused on Q2 earnings, starting Monday. On the data front, we have European Industrial Production and US PPI later today.