- Macro: Equity markets were mostly stronger yesterday, with both the S&P500 and the Nasdaq posting gains, whilst the Eurostoxx600 was marginally lower. Tesla led the gains in large-cap tech on reports that a federal framework for fully self-driving vehicles would be a priority for the Transportation Department under Trump. From an economic perspective later today, we will have housing starts and building permits data out of the US at 13:30. In terms of central bank speakers, we have Elderson, Muller and Panetta from the ECB, and Schmid from the Fed.
- Stock: We have updates on Nestle’s short-term guidance and medium-term outlook along with Supermarket Income REIT’s acquisition of a Sainsbury Supermarket. (Comment attached)
- Debt: Core bond yields were little changed yesterday in a day of light economic data.