- Macro: It was a mixed session for equity markets yesterday with the EuroStoxx600 posting a solid gain, whilst in the US the Nasdaq and S&P500 both finished in the red, as Nvidia (-7%) dragged both indices lower posting its third consecutive daily loss. From an economic standpoint, out of the US, we have the FHFA House Price Index which tells us the change in prices of single-family homes in the US. We expect an increase in April. Later in the afternoon, we have US Consumer Confidence report for June where a decline in confidence is expected.
- Stock: We have issued an update on Apple following the issuance of preliminary findings from the EU DMA regulator that accused Apple of imposing restrictions on App Store developers’ ability to use third party app stores and to freely steer their customers to alternatives. (Comments Attached)
- Debt: Core bond yields were little changed on a quiet day of economic data.
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