November 23rd Morning Report

Wednesday 23rd November 2022

US markets closed higher on Tuesday in light trading volume as sales forecast by Best Buy dampened concerns high inflation would lead to a dismal holiday shopping season while a bounce in oil prices helped lift energy shares. The Dow Jones Industrial Average closed up 0.59%, while the S&P 500 and Nasdaq Composite were up 0.48% and up 0.01% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+1.03%), the Dax 30 (+0.29), CAC 40 (+0.35%) and the STOXX (+0.53%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.61%), HSI (-1.31%) and the Shanghai Composite (+0.13%).

The yield on the US 10 - year note was at 3.762%, while the 2 - year note was at 4.517%. Oil was up to $81.11 per barrel, up 1.31%. The gold price was at US$1738.40 per ounce, down 0.07%.

Morning Report 23 November 2022

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