- It was a risk off day yesterday, driven by weaker than expected economic data out of China and a surprise windfall tax on banks announced in Italy.
- This morning, Flutter Entertainment released a strong set of H1 results in which group revenue of £4.8bn and Adj. EPS of 237p both came in ahead of expectations. (Comment Attached)
- Given better than expected demand for the US short-term debt issued yesterday, demand for longer-term core bonds saw yields tick down.
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