Friday 2nd June 2023 |
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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%.
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