October 24th Morning Report

Tuesday 24th October 2023

US markets closed higher on Monday as benchmark US Treasury yields backed down from 5% and investors shifted their focus to this week's high profile earnings and closely watched economic data. The Dow Jones Industrial Average closed down 0.62%, while the S&P 500 and Nasdaq Composite were down 0.21% and up 0.23% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.37%), the Dax 30 (+0.02%), CAC 40 (+0.50%) and the STOXX (+0.42%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (-0.83%), HSI (-0.72%) and the Shanghai Composite (-1.47%).

The yield on the US 10 - year note was at 4.85%, while the 2 - year note was at 5.065%. Oil was up to $86.02 per barrel, down 2.34%. The gold price was at US$1983.90 per ounce, down 0.53%.

Morning Report 24 October 2023

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