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• Bund yields close 6bp lower reversing yesterday’s weakness. The rally mostly came post PCE despite the headline number; it seems market expectations were higher after yesterday's data.

• Stocks put in a firm overnight bounce following big tech earnings. SPX / SX5E left +1.0% / +1.4%. Of the €IG issuer basket all sectors finished green with Real Estate the best performer.

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• Bund yields close 6bp lower reversing yesterday’s weakness. The rally mostly came post PCE despite the headline number; it seems market expectations were higher after yesterday's data.

• Stocks put in a firm overnight bounce following big tech earnings. SPX / SX5E left +1.0% / +1.4%. Of the €IG issuer basket all sectors finished green with Real Estate the best performer.

Keep reading...Show less