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Daily Note 01/11/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets

01.11.2024



  • Macro: It was a risk-off session equity markets yesterday, with the Eurostoxx600, the Nasdaq, and the S&P500 all moving lower, as disappointing outlooks from a two influential MAG7 stocks and higher than expected inflation data weighed on investor sentiment. In economic news in the day ahead, US Non-Farm payrolls are expected to come in at just 105K, well below the recent run-rate on the back of weather disruption, albeit the unemployment rate is expected to remain flat at 4.1%. We will also have October manufacturing PMI data out of the US, UK and Ireland.
  • Stock: We have updates on Amazon, Apple and Greencoat Renewable. (Comment attached)
  • Debt: Bonds in the UK continued to sell-off yesterday, as traders weighed the scale of the increased borrowing and planned spending announced in Wednesday’s budget.