Daily Note 03/04/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: t was a weak session for equity markets yesterday as the EuroStoxx600, the Nasdaq and the S&P500 all ended the day in the red with recent hawkish commentary from the FED putting a dampener on investor sentiment at the start of the month. Looking ahead to today, investor attention will be drawn to the US with FED Chair Powell set to speak on the economic outlook at 17:10 GMT.
  • Stock: In its monthly passenger update this morning, Ryanair illustrated the consistent strength of its operational performance. (Comment Attached)
  • Debt: The 10-year US treasury yield jumped to a four-month high as Jerome Powell’s recent comments forced traders to pullback bets on rate cuts.