March 20th Morning Report

The US markets closed higher on Wednesday after the Federal Reserve kept rates unchanged, as the central bank and investors continue to assess how President Donald Trump's tariff policies might affect economic growth.

The Dow Jones Industrial Average up 0.92%, while the S&P 500 and Nasdaq Composite were up 1.08% and  1.41% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.02%), the Dax 30 (-0.40%), CAC 40 (+0.70%) and the STOXX (+0.41%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.25%), HSI (+0.12%) and the Shanghai Composite (-0.097%).

The yield on the US 10 - year note was at 4.243%, while the 2 - year note was at 3.977%. Oil was up to $67.66 per barrel, up 0.56%. The gold price was at US$3071.40 per ounce, up 0.50%. 

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