Daily Note 31/05/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

31.05.2023

  • Markets had a nervous tone yesterday, with equities generally weaker, bond yields falling across the board and the oil price having a sharp sell-off
  • We have issued a note on DCC this morning reiterating our Buy recommendation while reducing our price target to 5445p from 6525p on sector derating
  • Core bond yields continued to ticked down yesterday on the debt ceiling resolution