Davy Corporate Client Update H1 2023

Equity markets have largely defied pessimistic expectations in the first half of 2023 with global indices reporting strong gains. While the anticipated downturn still looms large, the timing has now been pushed out to 2024.

The two key market catalysts that have garnered the most headlines in the past year remain front and centre: inflation and interest rates. While Capital Markets activity has remained subdued as participants still try to ascertain how quickly the breakneck speed of monetary policy tightening over the past 18 months will slow the economies of the US, Europe, there are some encouraging signs of a pick-up in activity emerging.

Asset allocators are now presented with increased opportunity; the era of Tina (There Is No Alternative to equities) is well and truly over, with high quality fixed income and money market funds now offering stability and income amid that challenging economic backdrop.

Here Davy’s Corporate Team presents its key H1 and forward-looking insights on how Global Equity Markets have defied expectations, robust Irish Private Company M&A and Debt Advisory activity, the dynamics driving the Real Estate asset class, the emerging opportunity for Decarbonization and, finally, the key trends we are seeing in ESG and Sustainability reporting.

Download our latest report here.