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Daily Note 26/07/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets

26.07.2024



  • Macro: It was a weak day for equity markets as the Eurostoxx, the S&P500 and the Nasdaq down, after being up for much of the day, but weakness in major tech stocks pulled the market down into the close. Today, it is all about inflation, in Europe we have French Consumer confidence and ECB CPI expectations. Whilst in the US it is a busier day with Personal Income and Spending data @13:30. The important Core PCE Price index, the Feds preferred gauge of inflation @13:30, where it is expected to decrease YoY. University of Michigan survey @15:00 and the Kansas City Fed services activity @16:00.
  • Stock: Yesterday mid-afternoon, Greencoat Renewables issued its latest NAV calculation for the end of June 2024. (Comments Attached)
  • Debt: Core Bond yields moved lower on disappointing data out of Europe