- Macro: Equity markets were mixed yesterday, with the S&P500 down -0.07%, whilst the Nasdaq was up +0.03%, as markets struggled to find direction. Europe’s Stoxx 600 index ended higher +0.41%. Economic releases out today, in the US MBA Mortgage Applications at 12:00, Wholesale Inventories at 15:00 and at 19:00 FOMC minutes may offer some insight into the future direction of interest rates. From central bankers, Lane, Guindos and Nagel from the ECB will be speaking.
- Stock: We have updates on Cairn Homes and PTSB. (see pages 2&3)
- Debt: Core bond yields rose following President Trump’s further threats of high tariffs on copper and pharmaceuticals.
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