Daily Note 10/04/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: It was a mixed day for equities yesterday as the EuroStoxx600 finished down 61bps, whilst in the US the Nasdaq climbed by 32bps and the S&P500 by 14bps, little moved prior to the Q1 results season next week, and CPI data today. Later this afternoon we have US CPI data at 1.30pm with the Bloomberg survey pointing to a 0.3% mom and 3.7% yoy reading. The minutes of the last FOMC meeting are also released this evening.
  • Stock: TSMC reported a 34% yoy rise in March sales driven by AI chip demand. (Comment Attached)
  • Debt: US treasury yields moved lower yesterday as traders positioned ahead of the key CPI print today.