Daily Note 16/05/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

16.05.2023

  • Cautious optimism over the outlook for US debt ceiling talks set the tone for markets yesterday with equites, particularly in the US, enjoying a positive session.
  • DCC this morning issued FY23 results that were broadly in line with market expectations while looking forward, management only provided qualitative guidance.
  • Longer-dated sovereign bond yields ticked higher across the board yesterday with the ten-year US Treasury yield up and European bond yields also rising slightly.