Daily Note 03/08/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

03.08.2023

  • It was a risk off day for global markets yesterday as they absorbed Fitch’s downgrade of US credit rating to AA+, the US Treasury Department’s guide of an increased bond auction next week and better-than-expected US labour market data.
  • Before the market opened this morning, IRES REIT released its results for H1’23. (Comment Attached)
  • Yesterday, there was some weakness in US bonds while others remained little changed.