Daily Note 26/03/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: European equities rose slightly yesterday by 4bps, whilst the US S&P 500 and Nasdaq fell -31bps and -27bps respectively, due to profit taking after the recent surge in market price levels, with many stocks recently making 52-week highs. Today in the US we have data on Durable Goods Orders (Feb @12.30 +1% exp.), Case Shiller house price indices (Jan @13.00 +0.3% MoM exp.), Conference Board Consumer Confidence (Mar @ 14.00 107 exp.) and Richmond Fed Manufacturing Index (Mar @14.00 -5 exp.).
  • Stock: Flutter announced earnings for FY23 (see page 2 for details).
  • Debt: Core bond yields moved higher yesterday with traders positioning ahead of Friday’s US Income and Inflation data and the Easter break.