- Macro: Equity markets resumed their August advance yesterday, with the Eurostoxx600, the Nasdaq and the S&P500, all ending the session higher, as a combination of dovish central bank commentary and weak economic data raised hopes for rate cuts sooner rather than later. Later today, there will be PMI data released out of various regions. The August composite releases out of France, Germany and the UK are all expected to show modest increases, whilst the US release is forecast to fall relative to July but remain above 50. We will also have July existing home sales and weekly initial jobless claims, both forecast to have increased moderately versus the prior prints.
- Stock: The UK’s Competition and Markets Authority (CMA) announced that it has closed its existing Competition Act cases into Google’s Play Store and Apple’s App Store.
- Debt: Core Bond yields drifted lower yesterday on another quiet day for bond markets.
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