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EUR Market Wrap

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  • Bunds closed flat to slightly wider with volumes light due to the observance of the Whit Monday public holiday across many Eurozone countries.
  • Main/XO closed -1bp/-3bp, playing catchup to the late rally in CDX IG/HY on Friday while €IG/€HY were flat/+3bp with IG energy outperforming at -1bp. EUR primary closed.
  • SXXP was flat with Industrial G&S +1% and Autos -0.8% with Autos the worst MoM sub-index at -5%. Notable €IG movers in the European session included Tauron Polska +9% and Epiroc Aktiebolag +7%.
  • Asian markets are broadly lower with the CSI 0.4% lower and Hang Seng close to 2% lower following Li Auto's 19% drop on Q1 results while Tech is lower after Tencent shut down new game DNF Mobile within an hour of debut. Stoxx 50 futures are -0.3%. Up today:

GMT/Local

Impact

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  • Bunds closed flat to slightly wider with volumes light due to the observance of the Whit Monday public holiday across many Eurozone countries.
  • Main/XO closed -1bp/-3bp, playing catchup to the late rally in CDX IG/HY on Friday while €IG/€HY were flat/+3bp with IG energy outperforming at -1bp. EUR primary closed.
  • SXXP was flat with Industrial G&S +1% and Autos -0.8% with Autos the worst MoM sub-index at -5%. Notable €IG movers in the European session included Tauron Polska +9% and Epiroc Aktiebolag +7%.
  • Asian markets are broadly lower with the CSI 0.4% lower and Hang Seng close to 2% lower following Li Auto's 19% drop on Q1 results while Tech is lower after Tencent shut down new game DNF Mobile within an hour of debut. Stoxx 50 futures are -0.3%. Up today:

GMT/Local

Impact

Keep reading...Show less