November 12, 2024 08:32 GMT
CONSUMER CYCLICALS: Burberry; Moncler rumours shut-down by Reuters (x3)
CONSUMER CYCLICALS
(Baa2 Neg/NR) -4%
Weak open for equities but £30s are holding onto -17bps of tightening. Please check with desks on the why, but we did hear of small buying yesterday (pre-Reuters). It leaves us +40 from pre-Q1 levels but -60 from Sept. wides.
We will circle back before Thursday on final asides re. earnings.
Keep reading...Show less
52 words