August 31st Morning Report

Wednesday 31st August 2022

US markets closed lower on Tuesday for a third straight session on Tuesday as a rise in job openings fueled fears the US Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation.

The Dow Jones Industrial Average closed down 0.96%, while the S&P 500 and Nasdaq Composite were down 1.10% and 1.12% respectively. Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.88%), the Dax 30 (+0.58%), CAC 40 (-0.19%) and the STOXX (-0.24%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.14%), HSI (-0.37%) and the Shanghai Composite (-0.42%).

The yield on the US 10 - year note was at 3.112%, while the 2 - year note was at 3.458%. Oil was up to $92.22 per barrel, up 4.94%. The gold price was at US$1735.90 per ounce, down 0.79%.

Morning Report 31 August 2022

Comments from our readers

No comments yet