November 23rd Morning Report

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%. 

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