Daily Note 06/01/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

06.01.2023

  • A generally weak session for risk assets yesterday with the US and European markets finishing in the red while the UK outperformed finishing marginally ahead.
  • We are initiating on IRES REIT, the largest landlord in Ireland, with a Buy recommendation a Price Target of €1.40 implying 30% upside from current levels supported by a dividend yielding close to 5%.
  • Core bond yields moved higher yesterday on stronger US jobs data.