- Macro: Equities were weak yesterday, as the EuroStoxx600, the Nasdaq and the S&P500 each finished in the red, with semiconductor names leading the way lower after ASML warned of weaker than expected demand. In economic news in the day ahead, the main data release will come out of the US, with MBA mortgage applications to be released at 12:00, following the -5.1% drop last week on higher mortgage rates. We will also have commentary from the ECB’s Christine Lagarde and the Fed’s Bostic.
- Stock: We have updates on LVMH’s Q3 sales and Rio Tinto’s Q3 operations report. (Comment attached)
- Debt: Core bond yields moved lower yesterday on broader signs of disinflation across the globe.