Pre-Session Views

*Key fundamental views for today*Strategy| Long EGAL on rebound in Aluminum pricesMacro| FY25/26 budget is out and it foresees a plunge in average treasury yields to 16% Macro| Maersk might transit the SC soon - Positive for USD.Macro |Global commodity prices imply more stability on the fuel front - Positive for inflation, interest rates.EFIH or FWRY? Long both - own the rails and the ridersGBCO| Soft start to the year with weak contribution from GB capitalATLC| At 2.5x book, recovery story has been largely priced inCOMI| Earnings call highlightsLCSW| Weak volumes during 1Q and no catalysts until end 2025