Daily Note 07/09/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

07.09.2023

  • It was risk off day for equities with all major indices finishing the session in the red.
  • Smurfit Kappa this morning confirmed that it is in discussions with US peer Westrock on a potential combination to create Smurfit Westrock.
  • We have issued a research note on Diageo this morning in which we have retained our Buy recommendation.
  • The above noted strength in service-sector activity pushed core yields higher as it increased the risk of another rate increase by year-end.