- Macro: It was a mildly positive day for equities yesterday as the EuroStoxx600 finished up, whilst in the US the Nasdaq moved higher and the S&P500 finished flat. Later today in Europe we have EU current account data at 9am, trade balance, construction output and labour costs at 10:00am. The UK’s CBI releases Total orders and selling prices data at 11:00am. Then in the US, we have the Philadelphia Fed non-manufacturing activity data at 1.30pm. Central Bankers speaking today include Barkin, Waller, William, Bostic and Bar from the Fed, Lagarde from the ECB, and Bailey from the BoE in the evening.
- Stock: We have issued a research note on Glanbia, reiterating our BUY recommendation with an increased price target of €21.50, up from €20 previously.
- Debt: Core bond yields were little changed on a quiet day of economic data
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