September 28th Morning Report

Thursday 28th September 2023

US markets closed lower on Wednesday, deepening a pullback in equities, as rising Treasury yields kept investors on edge about the path ahead for interest rates. The Dow Jones Industrial Average closed down 0.40%, while the S&P 500 and Nasdaq Composite were down 0.20% and 0.01% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.43%), the Dax 30 (-0.25%), CAC 40 (-0.03%) and the STOXX (+0.06%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (+0.18%), HSI (+1.18%) and the Shanghai Composite (+0.16%).

The yield on the US 10 - year note was at 4.614%, while the 2 - year note was at 5.141%. Oil was down to $93.84 per barrel, up 3.84%. The gold price was at US$1894.10 per ounce, down 1.34%.

Morning Report 28 September 2023

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