- Macro: It was a mixed session for equity markets yesterday with the EuroStoxx600 down, whilst in the US the S&P500 and Nasdaq both finished in the green, on the back of gains in the ‘Magnificent Seven’ with Nvidia (+7%) recovering strongly. From an economic standpoint today, in the EU, France Consumer Confidence is expected to decrease from last month and over in the US at 3pm, New Home Sales for May is expected to come in flat.
- Stock: We have issued updates on Microsoft and Volkswagen alongside a note on FedEx following the reporting of its Q4 and FY2024 earnings to year end May.
- Debt: Core bond yields were little changed on another quiet day of economic data.
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