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Daily Note 13/12/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets

13.12.2024



  • Macro: It was a negative session for equity markets yesterday, as the Eurostoxx600, the S&P500 and the Nasdaq were all down on the day, with investors taking some risk off ahead of next week’s Fed policy meeting. Later today, we have Eurozone Industrial production at 10:00 expected to show improvement, while in the US, Import price index data at 13:30 is expected to decrease.
  • Stock: We have an update on Rio Tinto’s plan to invest $2.5bn on the expansion of the Rincon project which management believe positions Rio to become one of the top producers of lithium globally for decades to come. (Comment attached)
  • Debt: Core bond yields moved higher in Europe yesterday despite the ECB cutting rates accompanied by lower inflation and growth projections.