Daily Note 01/02/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Macro: Markets trended lower yesterday, as both European and US indices ended the day in the red, driven by the combination of slightly disappointing earnings and hawkish central bank commentary.
  • Stock: This morning, before the market opened, Shell issued its FY23 earnings which beat expectations at both the earnings and revenue lines. (Comment Attached)
  • Debt: Bond yields moved sharply lower yesterday after some uncertainty in the banking sector led to increased bets on rate cuts.