Daily Note 17/04/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets

17.04.2024



  • Macro: Markets moved lower yesterday with European and US equities both ending the day on red on continued geopolitical tensions and hawkish comments from the US Federal Reserve. From an economic perspective, this morning UK inflation data came in modestly above expectations, with the headline read coming in at 0.6% on a MoM basis vs 0.4% expected. Governor Andrew Bailey did indicate however that the BOE would likely begin cutting rates before the Fed. Economic data is light for the remainder of the day with MBA mortgage applications, released at noon, the main item of note.
  • Stock: LVHM, Rio Tinto and ASML have all issued Q1 numbers. (Comments Attached)
  • Debt: US treasury yields moved higher yesterday following the hawkish comments from FED Chair Powell.