November 29th Morning Report

US markets closed lower on Monday as protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc. slid on worries about a hit to iPhone production. The Dow Jones Industrial Average closed down 1.40%, while the S&P 500 and Nasdaq Composite were down 1.52% and down 1.50% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.17%), the Dax 30 (-1.09), CAC 40 (-0.70%) and the STOXX (-0.68%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.42%), HSI (-1.57%) and the Shanghai Composite (-0.75%).

The yield on the US 10 - year note was at 3.702%, while the 2 - year note was at 4.471%. Oil was up to $77.22 per barrel, up 1.23%. The gold price was at US$1739.20 per ounce, down 0.84%. 

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