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CREDIT OPEN: Packed pipeline points to a super Tuesday for primary

EU stocks look set for a marginally weaker start as markets edge further towards Thursday's ECB verdict and Friday's US employment data ahead of which today delivers a key labour market anecdote in the form of the JOLTs survey for April.

Ahead of that, Nasdaq (+0.56%) enjoyed a late rally into Monday's close while the broader S&P500 (+0.11%) clawed its way back into the green with treasuries staying bid to follow a downside surprise on ISM manufacturing which slipped further into contraction territory, bolstering rate cut hopes.

That's been followed by a mixed session in Asia with Hang Seng getting a lift from a rally in mainland China property stocks while India's Nifty 50 dumped by up to 5.4% as counting got underway in the country's election, with early trends indicating a slimmer than expected majority for PM Modi's BJP.

Aside from the US JOLTs survey, today's session delivers little in the way of data to move the needle with German unemployment this morning's main release.

Auction supply resumes where sales from Austria, Germany and UK will compete for attention with today's very busy slate of syndicated sales (see below).

After markets close today, UK PM Sunak and Keir Starmer will take part in a televised debate which kicks off at 9pm UK time.

For more on latest developments see the European Breakfast Briefing.

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