Daily Note 19/05/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

19.05.2023

  • A strong day for risk assets yesterday as equities gained across the board whilst bonds sold off, as optimism over a successful conclusion to the debt ceiling negotiations gained momentum.
  • Ryanair release Q4 results to March 31st on Monday. Q4 is expected to be loss-making, due to the absence of Easter, whilst guidance in late January was for FY profit after tax in a €1.33bn – €1.43bn range.
  • Sovereign bond yields moved higher across the board yesterday with German bond yields also rising.