Daily Note 09/05/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

09.05.2023

  • Markets were in a wait and see mode ahead of US inflation data on Wednesday, following on from the strong jobs data last Friday, as the futures market continues to anticipate at least two quarter-point rate cuts by year-end.
  • After the market closed last night, PayPal issued a stronger than expected set of Q123 numbers and on paper provided guidance that was in line with, if not slightly ahead of expectations. (Comment Attached)
  • Sovereign bond yields edged higher yesterday.