July 13th Morning Report

Thursday 13th July 2023

US markets closed higher on Wednesday, led by a gain of more than 1% in the Nasdaq after a report showed inflation further with consumer prices registering their smallest annual increase in more than two years. The Dow Jones Industrial Average closed up 0.25%, while the S&P 500 and Nasdaq Composite were up 0.74% and 1.15% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.83%), the Dax 30 (+1.47%), CAC 40 (+1.57%) and the STOXX (+1.72%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(-0.81%), HSI (+1.08%) and the Shanghai Composite (-0.78%).

The yield on the US 10 - year note was at 3.861%, while the 2 - year note was at 4.748%. Oil was up to $75.86 per barrel, up 1.38%. The gold price was at US$1963.10 per ounce, up 1.34%.

Morning Report 13 July 2023

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