- Macro: Markets ended mixed yesterday, with the Eurostoxx 600 and the Nasdaq both in the green, whilst the S&P 500 was down marginally, as stronger than expected market data led traders to trim back bets on further interest rate cuts by the FED this year. Later today in the US we have Housing Starts and Building Permits at 13:30, both are expected to decline slightly from their previous reads.
- Stock: We have a brief update on Deere’s FTC investigation and recent layoffs. (Comment attached)
- Debt: Core bond yields moved slightly higher yesterday following positive economic data releases and the ECB’s rate cuts.