October 14th Morning Report

Friday 14th October 2022

US markets closed higher on Thursday as investors covered short positions after a disappointing consumer prices report and as technical support helped drive a rebound. The Dow Jones Industrial Average closed up 2.98%, while the S&P 500 and Nasdaq Composite were up 2.73% and 2.33% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.35%), the Dax 30 (+1.51%), CAC 40 (+1.04%) and the STOXX (+0.93%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.60%), HSI (-1.87%) and the Shanghai Composite (-0.30%).

The yield on the US 10 - year note was at 3.96%, while the 2 - year note was at 4.474%. Oil was down to $89.02 per barrel, up 2.01%. The gold price was at US$1670.70 per ounce, down 0.41%.

Morning Report 14 October 2022

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