- Macro: Markets were slightly weaker yesterday with the technology heavy Nasdaq underperforming the broader European and US market indices.
- Stock: This morning, CRH and Cairn both issued strong sets of numbers for the FY23. (Comment Attached). We have changed our recommendation on the stock Caterpillar from Buy to Hold and issued an updated research note.
- Debt: Core bond yields moved marginally lower yesterday as traders prepared for the today’s release of the FED’s preferred measure of inflation, Core PCE.
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