September 21st Morning Report

Wednesday 21st September 2022

US markets closed higher on Tuesday, as traders already cautious of making new bets on the eve of a US Federal Reserve meeting expected to bring another large interest rate hike, absorbed further evidence of inflation slowing American business. The Dow Jones Industrial Average closed down 1.01%, while the S&P 500 and Nasdaq Composite were down 1.13% and 0.95% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.61%), the Dax 30 (-1.03%), CAC 40 (-1.35%) and the STOXX (-0.93%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.44%), HSI (+1.16%) and the Shanghai Composite (+0.22%).

The yield on the US 10 - year note was at 3.569%, while the 2 - year note was at 3.971%. Oil was down to $84.19 per barrel, down 1.80%. The gold price was at US$1673.40 per ounce, down 0.29%.

Morning Report 21 September 2022

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