• Macro: It was a mixed session for equity markets yesterday as the EuroStoxx600 ended the day in modestly positive territory, whilst in the US, the S&P500 and the Nasdaq both finished in the red, as higher than expected inflation in the region forced traders to further pullback expectations for rate cuts. Looking ahead to today, at 13:15, the ECB is expected to hold its main refinancing rate steady at 4.5% at its April Meeting, whilst Christine Lagarde is expected to reiterate her stance for a rate cut in June.
  • Stock: Yesterday, along with other players in the industry, Volkswagen released its quarterly delivery update. (Comment Attached)
  • Debt: Core bond yields mover higher yesterday on the back of the hotter-than-expected CPI print in the US.