July 27th Morning Report

Thursday 27th July 2023

US markets closed higher on Wednesday saw an increased probability of another interest rate increase by the Federal Reserve this year in September after Chair Jerome Powell said the Fed has not ruled out raising rates in consecutive meetings. The Dow Jones Industrial Average closed up 0.23%, while the S&P 500 and Nasdaq Composite were up 0.02% and up 0.12% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.19%), the Dax 30 (-0.49%), CAC 40 (-1.35%) and the STOXX (-1.03%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(-0.04%), HSI (-0.36%) and the Shanghai Composite (-0.26%).

The yield on the US 10 - year note was at 3.873%, while the 2 - year note was at 4.85%. Oil was up to $78.97 per barrel, down 0.83%. The gold price was at US$1973.60 per ounce, up 0.50%.

Morning Report 27 July 2023

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