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Daily Note 05/02/2025 – Market View: Day Ahead, Macro, Stocks, Debt Markets

05.02.2025



  • Macro: Equity markets moved higher yesterday with the Eurostoxx600, S&P500, and the Nasdaq all posting gains, as big tech led markets higher on the day. Later this morning in Europe we have France, Germany and Eurozone PMI releases all expected to remain unchanged from their prior reads and in the US, we have MBA mortgage applications and ADP Employment Change expected to increase, whilst the December Trade Balance is expected to widen further. The ISM Services Index is expected to decrease slightly. Central bank speakers today include Lane from the ECB, as well as Barkin, Goolsbee and Bowman from the Fed.
  • Stock: We have updates on DCC, Ryanair, TotalEnergies, PayPal, and GSK (Comment attached)
  • Debt: Core Bond yields fell in the US yesterday on weak jobs data ahead of Friday’s non-farm payrolls