November 30th Morning Report

Wednesday 30th November 2022

US markets closed lower on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chair Jerome Powell that could provide hints about magnitude of future interest rate hikes. The Dow Jones Industrial Average closed down 0.22%, while the S&P 500 and Nasdaq Composite were down 0.39% and down 0.79% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.51%), the Dax 30 (-0.19), CAC 40 (+0.06%) and the STOXX (-0.03%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.48%), HSI (+5.24%) and the Shanghai Composite (+2.31%).

The yield on the US 10 - year note was at 3.752%, while the 2 - year note was at 4.475%. Oil was up to $78.42 per barrel, up 1.53%. The gold price was at US$1764.10 per ounce, up 0.50%.

Morning Report 30 November 2022

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