Daily Note 24/10/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

24.10.2023

  • Markets struggled for direction yesterday with Europe declining 0.02%, the S&P500 marking its lowest close since May, down 0.17%, as investors continued to fret about the longer-term impacts of higher interest rates.
  • This morning, Barclays released its Q3 earnings in which profits beat consensus estimates despite a more challenging operating environment for banks in the UK.
  • US treasury prices rose modestly and yields fell yesterday despite the 10-year Treasury yield briefly rising above 5% for the first time since 2007.