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  • Macro: US markets were closed for Presidents Day yesterday. Europe was moderately higher with the Stoxx 600 broad index rising slightly. Later today, at 7.45am we have final French CPI for Jan, at 10am Germany’s ZEW expectations survey for February is released. Then later in the US at 1.30pm we get the Empire Manufacturing survey and at 3pm the NAHB Housing Market index is to be announced. Central bankers speaking include Daly and Barr of the Fed, as well as the BoE’s Bailey, and Holzmann and Cipollone from the ECB.
  • Stock: We have updates on Bank of Ireland, Kerry Group, and FBD. (Comment attached)
  • Debt: Core Bond yields moved higher in Europe following discussions around greater defence spending at yesterday’s meeting of European leaders.