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Daily Note 22/10/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets

22.10.2024



  • Macro: Equities had a mixed start to the week yesterday, as the Nasdaq finished modestly higher, but the EuroStoxx600 and the S&P500 both ended in the red as concerns mounted over rate cuts following some hawkish commentary from Fed members. Economic data is light in the day ahead, but out of the US, we have the Richmond Fed Manufacturing Index for October, which is expected to show modest improvement but remain near five-year lows, and the Philadelphia Fed Non-Manufacturing Activity index for October, which is also set to improve.
  • Stock: We have an update on Volkswagen.
  • Debt: Core bond yields moved higher across the board yesterday on concerns for the future path of interest rates.