Daily Note 17/01/2024 – Market View: Day Ahead, Macro, Stocks, Debt Markets

17.01.2024

  • Macro: Equity markets were risk off yesterday, with European and US indices all ending the day in the red, as a raft of hawkish central bank commentary weighed on investor sentiment.
  • Stock: In its Q423 production update this morning, Antofagasta reported strong copper production numbers, beating consensus estimates, while also reaffirming its FY24 production guidance. (Comment Attached)
  • Debt: Treasury yields moved higher yesterday as more hawkish Central Bank commentary raised concerns over the timing of rate cuts in 2024.