Daily Note 20/10/2022 – Market View: Day Ahead, Macro, Stocks, Debt Markets

20.10.2022

  • Both European and US equity markets struggled yesterday, both finishing in the red
  • We are publishing an updated research note on ASML post yesterday’s Q3 results. We retain a Buy recommendation but have lowered our price target to 600 euros reflecting the derating of the technology sector against the background of rising bond yields
  • US and German bond yields were elevated yesterday while UK gilt yields finished lower