- Macro: Equities were risk-on yesterday, as the Eurostoxx600, the S&P500 and the Nasdaq all made gains ahead of today’s CPI data out of the US, which is expected to show inflation decelerated in September. In today’s economic news the French government will publish its budget, we will have CPI data out of Ireland and weekly initial jobless claims from the US, and the ECB’s September meeting.
- Stock: We have updates on the settlement of GSK’s outstanding liability cases and Dalata’s refinancing and extension of debt facilities. (Comment attached)
- Debt: Core bond yields were little changed yesterday in a day of light economic data.
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