Daily Note 13/12/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

13.12.2023

  • It was a mixed session in markets yesterday with Europe finishing the day marginally in the red, whilst the S&P500 climbed to a 23-month high partly buoyed by comments from US Treasury Secretary Janet Yellen who opined that the ‘last mile’ of returning inflation to target shouldn’t be especially difficult.
  •  Kerry has announced that it has entered into an agreement to acquire part of the global lactase business owned by Chr. Hansen and Novozymes.
  • US treasury prices rose modestly and yields fell as investors positioned ahead of the FOMC rate decision tonight.