June 26th Morning Report

Monday 26th June 2023

US markets closed lower on Friday, capping a week dominated by Federal Reserve Chairman Jerome Powell's testimony in which he signaled more interest rate hikes ahead bnut vowed the central bank would proceed with caution. The Dow Jones Industrial Average closed down 0.65%, while the S&P 500 and Nasdaq Composite were up 0.77% and 1.01% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.54%), the Dax 30 (-0.99%), CAC 40 (-0.55%) and the STOXX (-0.76%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.45%), HSI (-1.71%) and the Shanghai Composite (-1.31%).

The yield on the US 10 - year note was at 3.737%, while the 2 - year note was at 4.75%. Oil was up to $69.50 per barrel, up 0.49%. The gold price was at US$1930.30 per ounce, up 0.04%.

Morning Report 26 May 2023

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