Daily Note 27/07/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

27.07.2023

  • It was a risk off session in European markets yesterday, awaiting the Fed rates decision, which came after the markets closed.
  • Volkswagen this morning reported Q223 numbers behind market expectations on a negative impact from commodity hedging and increasing competition in China, its most important market. (Comment Attached)
  • Core bonds again remained relatively stable yesterday in the aftermath of the Fed rates decision.