- Macro: Equity markets were negative yesterday, with the Eurostoxx600, the S&P500, and the Nasdaq each ending in the red, as trade tensions continue to escalate across the globe and corporate outlook statements highlight the impacts. In the day ahead, the main news will be the FOMC’s interest rate decision for May, when it is expected to hold rates steady. We will also have consumer credit data out of the US, as well as construction PMIs out of Germany and the UK.
- Stock: Yesterday afternoon, Greencoat Renewable issued its Q1 2025 NAV update. (Comment attached)
- Debt: Core bond yields moved lower in the US yesterday ahead of the Fed’s interest rate decision later today, however no cut is expected.