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Daily Note 10/04/2025 – Market View: Day Ahead, Macro, Stocks, Debt Markets

10.04.2025



  • Macro: US Equity markets were risk-on yesterday, with the S&P500 soaring by 9.52% and the Nasdaq by +12.16%, as Trump announced a 90-day tariff pause on some trading partners. Eurostoxx600 was down -3.50%. Later today in Europe, we get Ireland’s CPI, while in the US we also get Core CPI which is expected to fall modestly. Following this we get Initial Jobless claims. From Central bankers, Breeden from the BOE as well as Schmid, Goolsbee and Harker from the Fed will be speaking.
  • Stock: We have updates on Volkswagen’s Q1 performance along with Flutter’s acquisition of Snaitech Spa. (Comment attached)
  • Debt: Core bond yields moved slightly higher in the US yesterday following Donald Trump’s policy reversal.