- Macro: Markets moved modestly higher yesterday with European equities climbing higher, whilst in the US, the S&P 500 and the Nasdaq each finished marginally in the green, as strong corporate earnings and resilient macroeconomic conditions continue to support equities.
- Stock: This morning Barclays (BUY, PT: £2.30) announced that it was acquiring Tesco’s Retail Banking business, purchasing £8.3bn worth of unsecured loans.
- Debt: Core bond yields moved higher yesterday following more hawkish commentary from central banks.
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