- 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 ahead of busy day of economic data releases today. All eyes will be on the US where the Fed’s preferred gauge of inflation, Core PCE prices, is released at 13:30 which is expected to show solid progress in June. Also out of the US, we have the Uni. of Michigan Consumer Sentiment and Chicago PMI releases for June, both are expected to show improving trends. In Europe, we get CPI, and PPI price data from France for June, and from Germany unemployment data.
- Stock: We have issued updates on both GSK and Nike.
- Debt: US treasury yields pulled back ahead of today’s core PCE print.
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