Daily Note 06/06/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: It was a positive session for equities yesterday with the EuroStoxx600 finishing in the green, whilst in the US, the S&P500 and the Nasdaq both finished up respectively, led to all-time highs by semiconductor and AI linked tech names. Later today, in Europe, attention will turn to the ECB’s rate decision. The ECB is expected to bring down borrowing costs in June, although the path thereafter remains less clear. In the US there is Initial Jobless Claims at 12:30 where they are expected to increase slightly from last week.
  • Stock: We have upgraded Deere & Co from Hold to Buy. (Comment Attached)
  • Debt: Core bond yields continued their recent movements lower.