- Macro: European equity markets made gains across the board yesterday, with the Eurostoxx600, the CAC 40, and the DAX all ending in the green, on reports that tariffs on the bloc were not on the agenda for President Trump’s first day in office. Markets in the US were closed for Martin Luther King Day. Later today, the main economic news comes out of Germany with the January ZEW survey at 10am and the January read for Philadelphia Fed non-manufacturing activity out of the US.
- Stock: We have an update on Volkswagen’s car sales for the month of December. (Comment attached)
- Debt: Core Bond yields were little changed yesterday as US markets were closed for Martin Luther King Day along with light economic data out of Europe.
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