June 27th Morning Report

Thursday 27th June 2024

US markets closed higher on Wednesday after a choppy trading session, with investors holding their cards close o the vest ahead of a presidential debate and an inflation report closely watched by Federal Reserve policy makers. The Dow Jones Industrial Average closed up 0.04%, while the S&P 500 and Nasdaq Composite were up 0.16% and 0.49% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.27%), the Dax 30 (-0.12%), CAC 40 (-0.69%) 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(+1.26%), HSI (+0.09%) and the Shanghai Composite (+0.76%).

The yield on the US 10 - year note was at 4.329%, while the 2 - year note was at 4.753%. Oil was up to $80.88 per barrel, up 0.06%. The gold price was at US$2309.80 per ounce, down 0.90%.