- Macro: US markets were positive yesterday with the S&P 500, the Nasdaq, and the Stoxx 600 all ending in the green. Later this morning, at 11am we get the UK CBI orders and prices survey data, then at 1.30pm from the US we get US initial and continuing Jobless claims. At 3pm EU Consumer Confidence is expected to remain weak at -14.1 for January. Finally, at 4pm the Kansas City Fed releases its manufacturing activity survey data. Only the ECB’s Escriva is expected to be speaking at Davos.
- Stock: We have an update on Glanbia’s new centralised unit along with Volkswagen’s plan to offload a further 15% of its stake in Traton SE. (Comment attached)
- Debt: Core Bond yields moved slightly higher yesterday following a selloff in US Treasuries and mixed comments from ECB speakers
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