- Macro: Equity markets had a positive day yesterday with the S&P500 +0.78% and the Nasdaq +0.61%, both ending at record closing levels, after the US and Japan agreed a trade deal, subsequently compounded by a report of a potential US-EU deal later on. Europe was up +1.08%. Economic releases today include the ECB’s rate decision, which is expected to stay unchanged. We also have US Initial Jobless Claims, and Continuing Claims, and US PMIs. From the central bankers, ECB President Christine Lagarde will hold a press conference later today.
- Stock: Following results announcements, we have updates on TotalEnergies and Nestle. (see pages 2&3)
- Debt: Core bond yields rose despite mixed economic data, as progress toward a 15% US-EU trade tariff deal boosted economic sentiment.