- Macro: It was a strong session for equities yesterday with Europe, the Nasdaq and the S&P ending the day positive as the market was buoyed by speculation of a potential September rate cut by the FED. From an economic perspective, a raft of PMI figures in Europe, UK and the US will be released later today. In the UK, the BOE is on the fence whether to cut interest rates by 25bps to 5%. Across the Atlantic, Initial Jobless claims are expected to remain flat at 236K and ISM manufacturing is set to increase to 48.8 (48.5 prior).
- Stock: We had earnings releases from Shell, PTSB, Barclays and Volkswagen.
- Debt: Core Bond yields were lower on the day after Powell signalled a September rate cut in the US.
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