Daily Note 04/07/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: It was a positive session for equity markets yesterday with the Eurostoxx600, the S&P500 and the Nasdaq all making gains, as traders positioned ahead of the 4th of July public holiday in the US. Today, the main focus for investors will likely be the general election in the UK, with votes being cast between 7am and 10pm with the winner to be announced in the early hours of tomorrow morning. It is a very quiet day from an economic standpoint, with the UK construction PMI for June the only release of note.
  • Stock: We have provided updates pertaining to GSK, Roche, Alphabet and Cairn Homes.
  • Debt: Core bond yields moved lower yesterday on weak economic data.