Daily Note 03/05/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

03.05.2023

  • Risk assets came under pressure yesterday with US, European and UK indices all finishing in the red.
  • Flutter Entertainment, the gambling group, issued a Q1 trading sales update this morning. Revenues came in at £2.41bn, up 46% year-on-year (in constant currencies) and well ahead of estimated £2.16bn, driven by a 30% increase in average monthly players to 12.3m. (Comment attached)
  • Core bond yields moved lower yesterday as risk assets came under pressure.