- Macro: Equity markets were little changed yesterday, as the Eurostoxx600, the S&P500 and the Nasdaq each ended relatively flat, with investor sentiment driven by a combination of factors including stronger than expected jobs numbers in the US and concerns over an escalation of the conflict in the Middle East. In economic news in the day ahead, we will have services and composite PMI releases out of France, Germany, the Eurozone and the UK. Out of the US, the market’s attention will be drawn to the September ISM services index, Durable Goods and Factory orders for August and weekly initial jobless claims.
- Stock: Yesterday we held a meeting in our office with the management team from IRES REIT and TotalEnergies held its 2024 strategy day. (Comments attached).
- Debt: Core bond yields moved higher yesterday following a stronger ADP report and positive Eurozone Unemployment data.
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