- Macro: It was a solid session for equity markets yesterday with both European and US indices ending the day in the green, as the S&P 500 closed at a record high for the fifth consecutive session, on the back of solid earnings reports and better than expected macro data.
- Stock: After the market closed yesterday, LVMH released a solid set of FY23 earnings, in which Q4 sales modestly outperformed expectations driven by an unexpected beat in its underperforming Wines & Spirits division. (Comment Attached)
- Debt: Treasury yields moved lower yesterday following the ECB’s decision to hold interest rates steady.
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