- Macro: It was a positive session for markets yesterday with European equities up 90bps, S&P 500 up 32bps and the Nasdaq also up 20bps, on post FOMC “soft landing” hopes and positive economic news. The following economic releases are expected later today. In Germany we have the IFO Business survey, which is expected to improve slightly to 82.9 and in the UK the CBI Trends survey data are due out. A number of ECB members are also speaking today.
- Stock: FedEx and Nike reported results, Apple faces a US Justice Department anti-trust lawsuit and Supermarket Income REIT made an acquisition. (Comments Attached)
- Debt: Core bond yields moved slightly lower taking a pause post FOMC.
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