26th May 2022 Morning Report

US markets closed higher on Wednesday after minutes from the Federal Reserve's latest monetary policy meeting showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession. The Dow Jones Industrial Average closed up 0.60%, while the S&P 500 and Nasdaq Composite were up 0.95% and 1.51% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.51%), the Dax 30 (+0.63%), CAC 40 (+0.73%) and the STOXX (+0.81%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(-0.26%), HSI (+0.29%) and the Shanghai Composite (+1.19%).

The yield on the US 10 - year note was at 2.751%, while the 2 - year note was at 2.502%. Oil was up to $114.4 per barrel, up 0.77%. The gold price was at US$1853.18 per ounce, down 0.77%. 

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