September 1st Morning Report

Thursday 1st September 2022

US markets closed lower on Wednesday, cementing the weakest August performance in seven years as worries about the aggressive interest rate hikes from the Federal Reserve persist. The Dow Jones Industrial Average closed down 0.56%, while the S&P 500 and Nasdaq Composite were down 0.78% and 0.56% respectively

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-1.05%), the Dax 30 (-0.97%), CAC 40 (-1.37%) and the STOXX (-1.25%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.37%), HSI (+0.03%) and the Shanghai Composite (-0.78%).

The yield on the US 10 - year note was at 3.196%, while the 2 - year note was at 3.495%. Oil was down to $88.91 per barrel, down 2.98%. The gold price was at US$1721.90 per ounce, down 0.83%.

Morning Report 1 September 2022

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