June 1st Morning Report

Thursday 1st June 2023

US markets closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. The Dow Jones Industrial Average closed down 0.41%, while the S&P 500 and Nasdaq Composite were up 0.61% and 0.63% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-1.01%), the Dax 30 (-1.54%), CAC 40 (-1.54%) and the STOXX (-1.71%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.41%), HSI (-1.94%) and the Shanghai Composite (-0.61%).

The yield on the US 10 - year note was at 3.646%, while the 2 - year note was at 4.409%. Oil was up to $67.57 per barrel, down 2.72%. The gold price was at US$1981.00 per ounce, up 0.20%.

Morning Report 1 May 2023

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