Daily Note 26/05/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

26.05.2023

  • Stock markets had a mixed session yesterday with trading in the US dominated by the extraordinary 25% move in Nvidia post Q1 results
  • In a post-results call with Ryanair yesterday, management reiterated the confident message from their results presentation on Monday, while highlighting that short-term risks included disruption to travel through third-party strikes and delays to summer deliveries of new Boeing aircraft
  • Core bond yields ticked up yesterday, particularly in the UK, as the market continues to digest the UK inflation data