August 8th Morning Report

Monday 8th August 2022

US markets closed lower on Friday, weighed down by Tesla and other technology-related stocks after a solid jobs report assaulted recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation. The Dow Jones Industrial Average closed down 0.26%, while the S&P 500 and Nasdaq Composite were up 0.08% and 0.41% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.11%), the Dax 30 (-0.65%), CAC 40 (-0.63%) and the STOXX (-0.78%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.87%), HSI (+0.14%) and the Shanghai Composite (+1.19%).

The yield on the US 10 - year note was at 2.827%, while the 2 - year note was at 3.23%. Oil was up to $88.53 per barrel, down 0.54%. The gold price was at US$1792.40 per ounce, up 0.07%.

Morning Report 8 August 2022

Comments from our readers

No comments yet