Daily Note 07/11/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

07.11.2023

  • It was a mixed session for risk assets yesterday, with European equities falling modestly, whilst the S&P500 and the Nasdaq each closed marginally in the green, as investors in the US continued to be optimistic on the future direction of monetary policy.
  • Last Night, after the market closed, the Irish government announced its plans to dispose 131m shares in AIB Group, which is c.5% of the overall group.
  • Treasury yields rose yesterday, erasing most of the gains made following Friday’s weaker-than-expected no-farm payrolls data, on the back of a packed schedule of new corporate bond sales.