Daily Note 03/03/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

03.03.2023

  • A positive session for risk assets yesterday with Europe, the UK and US markets all finished in the green following a strong intra-day rebound.
  • We have issued a post-results note on CRH this morning reiterating our Buy recommendation and raising our price target to €58.50 from €50.00, not only on the news that the company is considering moving its primary listing to the US but also on the stronger than expected forward guidance provided by management.
  • Core bond yields continued to move higher yesterday.