Daily Note 25/10/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

25.10.2023

  • In Europe, eight of the eleven sectors ended the day in the green with Utilities and Information Technology being best whilst Energy and Financials were worst.
  • Yesterday after the market closed, Microsoft issued much better than expected Q124 numbers posting its strongest revenue increase in six quarters bolstered by recovering cloud-computing growth amid demand for new AI products.
  • US treasury market was relatively calm yesterday after wild swings on Monday with yields moving modestly lower and prices higher.