- Macro: Equity markets were mostly positive yesterday, as the Eurostoxx600 ended the day marginally up on low volumes, whilst the S&P500 (+63ps) and the Nasdaq (+152bps) each ended in the green, led by market bellwethers Microsoft and Meta following two strong sets of earnings releases. In the day ahead, the main economic release will be the April Non-Farm Payrolls out of the US at 13:30, which is forecast to have dropped significantly following a spike in March.
- Stock: We have updates on Smurfit Westrock, Apple, Shell, Bank of Ireland, and Ryanair.
- Debt: Core bond yields moved higher yesterday as Japan signaled its holdings of US bonds were a negotiating chip in its trade talks with the US.