19th May 2022 Morning Report

US markets closed lower on Wednesday as retailers revealed the negative impact of surging inflation. The Dow Jones Industrial Average closed down 3.57%, while the S&P 500 and Nasdaq Composite were down 4.04% and 4.73% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-1.07%), the Dax 30 (-1.26%), CAC 40 (-1.20%) and the STOXX (-1.36%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.94%), HSI (+0.20%) and the Shanghai Composite (+0.65%).

The yield on the US 10 - year note was at 2.884%, while the 2 - year note was at 2.667%. Oil was up to $109.3 per barrel, down 2.34%. The gold price was at US$1816.77per ounce, up 0.12%. 

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