- Macro: European equities had a positive session yesterday, with the Eurostoxx600 finishing up 1.63%. In the US, the S&P500 and the Nasdaq finished modestly lower. In economic news today, we get the Bank of Canada rate decision and final Eurozone CPI. In the US, we get March Retail Sales, MBA mortgage applications, and March Industrial Production data. From the central banks, we will have commentary from Fed Chair Powell, as well as Hammack and Cook.
- Stock: Last night Rio Tinto issued its Q1 2025 production update and left its full year production and cost guidance unchanged. (Comment attached)
- Debt: Core bond yields moved slightly higher in Europe yesterday as little progress was made during trade negotiations with the US
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