- Macro: Markets moved marginally higher yesterday with European equities climbing 56bps whilst in the US, the S&P 500 was up 23bps with the Nasdaq broadly flat as investors digested a combination of cautious central bank commentary in the US and slightly better macro data.
- Stock: Smurfit Kappa issued a strong set of FY23 numbers this morning which beat the market’s expectations by 2% at the EBITDA line, driven by outperformance in the Americas.
- Debt: Core bond yields moved lower yesterday on the back of solid demand in the US three-year auction.
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