Daily Note 10/05/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: It was a positive day for equities yesterday as the EuroStoxx600 finished up 19bps, whilst in the US the Nasdaq rose +0.27% and the S&P500 by 0.51%, as optimism about rate cuts supported sentiment. Later today in the US, we will only have the University of Michigan’s sentiment survey (May 76.2 exp @ 15.00). In Europe, Irish new vehicle licences are released (Apr @11.00). It’s also a busy day for Central Bankers with Bowman, Logan, Kashkari, Goolsbee and Barr from the Fed, Cipollone and Elderson from the ECB, and Pill and Dhingra from the BoE, all speaking today..
  • Stock: There were trading updates from IRES and Cairn, and Q1 results from CRH. (Comments Attached)
  • Debt: Core bond yields were mixed yesterday with US yields falling on weaker jobs numbers.