DAVY VIEW

Equity markets saw significant losses on Tuesday (September 26th) as investors continued to price in the Fed’s hawkish ‘higher-for-longer’ view on official rates. Also, a poor US Conference Board consumer sentiment release demonstrated that household finances are still under pressure from inflation, with the reading falling back sharply in September. Once again, today is a quiet day for macro data, with US capital and durable goods orders the only significant release.