November 12th Morning Report

Tuesday 12th November 2024

US markets closed higher on Monday, holding on to post-election gains, ahead of the next batch of economic data that could decide whether the equity rally can sustain itself.

The Dow Jones Industrial Average closed up 0.59%, while the S&P 500 and Nasdaq Composite were up 0.38% and 0.09%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.65%), the Dax 30 (+1.21%), CAC 40 (+1.20%) and the STOXX (+1.07%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.08%), HSI (-1.45%) and the Shanghai Composite (+0.51%).

The yield on the US 10 - year note was at 4.306%, while the 2 - year note was at 4.252%. Oil was up to $65.98 per barrel, down 3.13%. The gold price was at US$2557.80 per ounce, down 2.54%.