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Daily Note 08/01/2025 – Market View: Day Ahead, Macro, Stocks, Debt Markets

08.01.2025



  • Macro: It was a mostly weak session for equity markets yesterday, despite the Eurostoxx600 making gains, both the S&P500 and the Nasdaq each moved lower, as ISM data caused inflationary concerns which led to speculation that the Fed may leave rates unchanged at this month’s meeting. Later today, out of the US, we will have the December ADP employment change, November Wholesale Inventories, and last week’s MBA mortgage applications. From Central Bankers, there will be commentary from the Fed’s Waller and Villeroy from the ECB.
  • Stock: We have updates on Flutter, Bank of Ireland, and Shell. (Comment attached)
  • Debt: Core bond yields moved higher in the US yesterday following higher than expected ISM Services data and JOLT’s job openings