Daily Note 02/05/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: Markets moved lower again yesterday with European equities finishing down, whilst in the US, the S&P 500 and the Nasdaq both finished in the red. Later today, European manufacturing PMI is expected to remain flat month on month. US Initial jobless claims are expected to increase modestly to 211k (207k).
  • Stock: There were updates from Smurfit Kappa, Shell, Kerry group, AIB and Grafton Group . (Comments Attached)
  • Debt: US bond yields rallied yesterday after Powell downplayed possibility of a rate hike.