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Daily Note 01/12/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

01.12.2023



  • A marginally positive day for risk assets yesterday saw all but one major European market finish in the green.
  • We have issued a research note on Volkswagen this morning pulling back our recommendation to Hold, reducing our price target to €116 from €165 and removing it from the ACL.
  • Growing belief that rate cuts may come sooner than expected saw core bonds continue to sell off yesterday, seeing yields ticking up.