Daily Note 27/06/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: It was a mixed session for equity markets yesterday with the EuroStoxx600 falling, whilst in the US the Nasdaq and S&P500 both made gains, as Amazon (+4%) joined the $2tn club for the first time. Later today, out of the US, GDP is predicted to have grown strongly again in Q1. US Durable Gods order which give us an insight into the health or the broader manufacturing sector are expected to have remained flat. The Core PCE price index for Q1 is also predicted to have remained flat ahead of the MoM Core PCE Deflator tomorrow. Finally, from a political perspective, the first 2024 presidential debate is taking place overnight at 1am GMT on CNN.
  • Stock: We have issued updates on AIB, Shell and Greencoat Renewables alongside a note on Dalata after the company issued a trading update for the first half of the year.
  • Debt: Core bond yields moved higher as investors await important inflation data out of the US and the EU tomorrow.