September 8th Morning Report

Friday 8th September 2023

US markets closed lower on Thursday with the biggest drag from Apple and a sell-off in chip stocks over concerns about China's iPhone curbs, while a fall in weekly US jobless claims fed worries about interest rates and sticky inflation. The Dow Jones Industrial Average closed down 0.57%, while the S&P 500 and Nasdaq Composite were down 0.70% and down 1.06% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.21%), the Dax 30 (-0.14%), CAC 40 (+0.03%) and the STOXX (-0.41%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(-0.75%), HSI (-1.34%) and the Shanghai Composite (-1.13%).

The yield on the US 10 - year note was at 4.25%, while the 2 - year note was at 4.953%. Oil was up to $86.70 per barrel, up 0.96%. The gold price was at US$1943.70 per ounce, down 0.03%.

Morning Report 8 September 2023

Comments from our readers

No comments yet