- Macro: US markets weakened again, which saw the S&P500 slide -3.46% and the NASDAQ composite -4.31%. Investors in Europe, which saw its so-called “reciprocal” tariff reduced from 20% to 10%, took a positive view of developments particularly around global ex-US trade coordination potential and rose 3.7%. Later today in the US we get March PPI and the University of Michigan Sentiment survey for April. Central bankers speaking today include Lagarde from the ECB and Kashkari, Musalem and Williams from the Fed.
- Stock: Yesterday, Bank of Ireland announced that it is rolling out c. 650 new ATMs into its 182 whole island of Ireland branch network. (Comment attached)
- Debt: Core bond yields continued to move higher in the US yesterday following Trump’s decision to reduce reciprocal tariffs on most Countries.