• Macro: US markets were closed yesterday due to the funeral of former president Carter. Meanwhile, in Europe, the Stoxx 600 broad index had a positive day rising +0.42%. Later this morning, we have French November data for Consumer Spending, Industrial and Manufacturing Production, at 11am we get Irish retail sales, and the Live Unemployment Register. In the US the main event at 1.30pm is Non-Farm Payrolls, and Unemployment Rate. Also, we get Hourly Earnings, Participation rate and Underemployment Rate, where little change is expected. Then at 3pm, we get the University of Michigan Sentiment index.
• Stock: We have updates on Dalata’s completed sale of the Clayton Hotel Wexford, and Glenveagh’s FY24 update. (Comment attached)
• Debt: Core bond yields were little changed yesterday in a day of light economic data

Opportunities this week:

• The recent dip in L'Oréal's share price, as well as the potential for more political stability in France, presents an opportunity for investors to add exposure to an attractive name at a discount. (BUY PT:€450)
• We held a meeting with senior management of Cairn Homes last Friday, following the release of the company’s interim results earlier in the week. (BUY PT: €2.08)
• Last week, we met with the CEO and CFO of Irish Continental Group to discuss H1 results, and group strategy and outlook more generally. We came away with confidence in the company’s steady growth prospects and operational efficiency focus (BUY PT: €6.20).