October 13th Morning Report

Thursday 13th October 2022

US markets closed lower on Wednesday following the release of minutes from the last Federal Reserve meeting, which showed policymakers agreed they needed to maintain a more restrictive policy stance. The Dow Jones Industrial Average closed down 0.10%, while the S&P 500 and Nasdaq Composite were down 0.33% and 0.09% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.86%), the Dax 30 (-0.39%), CAC 40 (-0.25%) and the STOXX (-0.26%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.02%), HSI (-0.78%) and the Shanghai Composite (+1.53%).

The yield on the US 10 - year note was at 3.898%, while the 2 - year note was at 4.287%. Oil was down to $87.04 per barrel, down 2.59%. The gold price was at US$1681.30 per ounce, down 0.28%.

Morning Report 13 October 2022

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