- Macro: It was a mixed session for equity markets yesterday as the EuroStoxx600 fell on weak political sentiment, whilst in the US, the Nasdaq and S&P500 both made modest gains, as investors positioned ahead of Wednesday’s FED’s dot plot and May CPI release. Later today, out of the US, the NFIB small business optimism survey for May is to be released at 11 and is expected to have remained flat MoM. In addition, the FOMC will begin its two-day meeting from which the minutes and dot plot outlining each members future rate expectations will be released tomorrow night.
- Stock: We have issued on update on Apple following last nights keynote presentation at WWDC24. (Comment Attached)
- Debt: Core bond yields moved higher yesterday on the back of political uncertainty out of Europe.
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