April 26th Morning Report

Wednesday 26th April 2023

US markets closed lower on Tuesday as a downbeat UPS forecast exacerbated investor concerns about a slowing US economy, while plunging deposits at regional First Republic Bank added to jetters about the bank sector's health. The Dow Jones Industrial Average closed down 1.02%, while the S&P 500 and Nasdaq Composite were down 1.58% and down 1.98% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.27%), the Dax 30 (+0.05%), CAC 40 (-0.56%) and the STOXX (-0.54%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.09%), HSI (-1.71%) and the Shanghai Composite (-0.32%).

The yield on the US 10 - year note was at 3.40%, while the 2 - year note was at 3.948%. Oil was up to $77.13 per barrel, down 2.07%. The gold price was at US$2007.90 per ounce, up 0.41%.

Morning Report 26 April 2023

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