17th February 2022 Morning Report

US market closed lower on Tuesday as Federal Reserve noted a tight labor market and concerning inflation data will likely to trigger faster interest rate hikes. 

The Dow Jones Industrial Average closed down 0.25%, while the S&P 500 and Nasdaq Composite were down 0.03% and 0.32%, respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.07%), the Dax 30 (-0.28%), CAC 40 (-0.21%) and the STOXX (-0.16%). In Asia, the Hang Seng and Shanghai indices ended higher. The key Asian indices ended yesterday as follows: Nikkei 225(+2.22%), HSI (+1.49%) and the Shanghai Composite (+0.57%).

The yield on the US 10 - year note was at 2.05%, while the 2 - year note was at 1.533%. Oil was up to $94.19 per barrel, up 0.98%. The gold price was at US$1869.83 per ounce, up 0.85%. 

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