- Macro: Markets ended lower yesterday with the Stoxx 600 broad index down -2%, whilst the S&P 500 and the Nasdaq were both down marginally, as investors took some profits after the S&P500’s largest five-day gain in a year. In the US later today, we have MBA Mortgage Applications at 12:00 and October CPI numbers at 13:30. In terms of central bank speakers, we have Mann from the BOE and Kashkari, Williams, Logan, Musalem and Schmid from the Fed.
- Stock: We have updates on both Flutter’s and Allianz’s Q3 results. (Comment attached)
- Debt: Core bond yields moved higher yesterday driven by the ‘Trump Trade’ along with the uncertainty of Europe’s future economic activity.