June 2nd Morning Report

Friday 2nd June 2023

US markets closed down on Thursday as signs of slowing wage pressure on inflation raised hopes the Federal Reserve will pause raising interest rates in two weeks, and investors welcomed a vote in Congress to suspend the US debt ceiling. The Dow Jones Industrial Average closed up 0.47%, while the S&P 500 and Nasdaq Composite were up 0.99% and 1.28% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.59%), the Dax 30 (+1.21%), CAC 40 (+0.55%) and the STOXX (+0.94%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.84%), HSI (-0.10%) and the Shanghai Composite (+0.00%).

The yield on the US 10 - year note was at 3.601%, while the 2 - year note was at 4.343%. Oil was up to $70.15 per barrel, up 3.03%. The gold price was at US$1995.10 per ounce, up 0.66%.

Morning Report 2 May 2023

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