September 29th Morning Report

Thursday 29th September 2022

US markets rebounded strongly on Wednesday following its recent sell-off, helped by easing Treasury yields, while Apple dropped on concerns about demand for iPhones. The Dow Jones Industrial Average closed up 1.88%, while the S&P 500 and Nasdaq Composite were up 1.97% and 2.05% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.30%), the Dax 30 (+0.36%), CAC 40 (+0.19%) and the STOXX (+0.20%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(-1.50%), HSI (-3.41%) and the Shanghai Composite (-1.58%).

The yield on the US 10 - year note was at 3.729%, while the 2 - year note was at 4.114%. Oil was down to $81.97 per barrel, up 4.42%. The gold price was at US$1669.20 per ounce, up 2.02%.

Morning Report 29 September 2022

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