December 7th Morning Report

US markets closed lower on Tuesday, with the S&P 500 on course for a fourth straight decline, as uncertainty around the direction of Federal Reserve rate hikes and further talk of a looming recession weighed on skittish investors. The Dow Jones Industrial Average closed down 1.45%, while the S&P 500 and Nasdaq Composite were down 1.85% and 2.32% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.61%), the Dax 30 (-0.72), CAC 40 (-0.14%) and the STOXX (-0.44%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.24%), HSI (-0.40%) and the Shanghai Composite (+0.022%).

The yield on the US 10 - year note was at 3.513%, while the 2 - year note was at 4.35%. Oil was up to $74.31 per barrel, down 3.41%. The gold price was at US$1782.20 per ounce, up 0.05%. 

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