- Both equity and bond markets came under selling pressure yesterday, as Fed Chair Jerome Powell guided for further rate rises and UK inflation was higher than expected.
- After a number of profit warnings from peers, which have impacted Smurfit Kappa’s share price recently, it is reassuring that another peer, DS Smith, this morning reported FY23 numbers (year-end April) ahead of market expectations.
- Sovereign bond yields increased across the board yesterday.
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