- Macro: Markets trended marginally lower yesterday, with European equities, the S&P 500, and the Nasdaq all in the red, primarily driven by weaker than expected earnings releases. The main focus in the day ahead from an economic perspective on both sides of the Atlantic will be inflation data. At 10.00, the market will get the preliminary read of Eurozone core CPI for October and at 12.30, the Fed’s preferred measure of inflation, core PCE will be released. US Weekly Initial Jobless Claims are also released at 12.30.
- Stock: We have updates on Microsoft, TotalEnergies, Caterpillar, Smurfit WestRock, Shell, and Grafton Group. (Comment attached)
- Debt: Core bond yields moved higher yesterday driven by the UK budget and positive economic data.