- Macro :Equity markets were mixed yesterday, with the S&P500 (+0.06%) and Nasdaq (-0.39%), while Europe’s Stoxx 600 index ended lower (-0.41%). Economic releases out today in Europe, we have Eurozone Consumer Confidence, while in the US, we have MBA Mortgage Applications and Existing Home Sales is expected to show a modest decline MoM. There are no scheduled speakers from the central bank today.
- Stocks: We have an update on PayPal. (see page 2).
- Debt: Core bond markets saw slightly lower yields as a decent rally continued with weaker US macro data and uncertainty over major tariff negotiations before the Japanese / US deal was settled overnight. Japanese longer dated yields rose after a weak auction took place overnight. This was despite the positive trade deal struck between the US and Japan.
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