Daily Note 30/05/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: It was a weak session for equites yesterday as the EuroStoxx600 fell, whilst in the US the two major indices, the S&P500 and the Nasdaq, both finished the day down.
  • Later today, EU Unemployment Rate (Apr) is expected to remain flat at 6.5%, US Initial Jobless claims expected to increase slightly to 217k from 215k prior and US GDP (Q1) expected to decrease to 1.3% from 1.6% in prior Q.
  • Stock: Scottish Mortgage Trust (SMT) last week announced a solid set of results for the year to 31 March 2024.
  • Debt: Core bond yields moved higher again on the back of a weaker US bond auction.