Daily Snapshot

Daily Snapshot – 12 June 2024

Today felt like just what the doctor ordered for European equities. Macron out with a reassuring statement early doors that he won’t quit if his party loses the upcoming parliamentary elections which settled a few nerves. It was followed by soft set of U.S. data pretty much across the board – Headline CPI at 3.3%, Core at 3.4% both YoY but the monthly trend improving and coming in at 0.2% ex-food and energy but all markets positive. Key is that the U.S.10yr dropped below the key 4.33% level and…

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