29th October 2021 Morning Report

U.S. stock markets were slightly higher as market participants digested the disappointing GDP data. The U.S. economy grew at a 2% annual rate in the three months through September, missing the 2.7% growth that the market expected. Consumer spending also slowed due to a resurgence in new COVID-19 cases and supply-chain bottlenecks, while jobless claims fell to a pandemic-era low. The Dow Jones Industrial Average was up 0.48%, while the S&P 500 and the Nasdaq Composite rose 0.46% and 0.52%, respectively.

Other key markets were mostly lower. Germany’s DAX 30 was down 0.07% while France’s CAC 40 rose 0.61%. Britain’s FTSE 100 was lower by 0.21%. Hong Kong’s Hang Seng slid 0.28%, Japan’s Nikkei 225 fell 0.96% and China’s Shanghai Composite dropped 1.23%. 

West Texas Intermediate crude oil slid thirty-nine cents to $82.27 a barrel as gold ticked up $5.10 to $1,803.90 an ounce. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

February 25th Morning Report
February 19th Morning Report
February 18th Morning Report
February 14th Morning Report
February 13th Morning Report
February 12th Morning Report
February 11th Morning Report
February 5th Morning Report
January 22nd Morning Report
January 20th Morning Report