Daily Note 26/01/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets


  • Risk assets registered modest declines yesterday with Europe and the UK both finished marginally down while US markets were broadly unchanged but rallied strongly from their intra-day lows.
  • We are releasing a research update note on ASML following yesterday’s Q4 results. Our price target has been revised upwards to €690 (from €600) and the recommendation remains Buy. ASML is on our Analyst Conviction List.
  • Core bond yields were broadly unchanged yesterday.