June 16th Morning Report

Friday 16th June 2023

US markets closed mixed on Thursday to close at their highest in 14 months, as investor cheered economic data that fueled bets that the US Federal Reserve is nearing the end of its aggressive interest-rate hike campaign. The Dow Jones Industrial Average closed down 0.68%, while the S&P 500 and Nasdaq Composite were up 0.08% and 0.39% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.34%), the Dax 30 (-0.13%), CAC 40 (-0.51%) and the STOXX (-0.25%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.05%), HSI (+2.17%) and the Shanghai Composite (+0.74%).

The yield on the US 10 - year note was at 3.72%, while the 2 - year note was at 4.65%. Oil was up to $70.58 per barrel, up 3.38%. The gold price was at US$1970.30 per ounce, up 0.07%.

Morning Report 16 May 2023

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