Daily Note 07/12/2022 – Market View: Day Ahead, Macro, Stocks, Debt Markets

07.12.2022

  • A weak session for risk assets yesterday with Europe, the UK, and US markets all finishing in the red.
  • Yesterday evening, in a more than 300-page ruling, a Federal judge in Florida rejected the scientific evidence behind plaintiff claims that use of the heartburn drug Zantac caused their cancer. This saw GSK and Sanofi shares tick up 7.3% and 5.9% respectively in New York.
  • Core bond yields moved lower yesterday.