May 1st Morning Report

US markets closed higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week. The Dow Jones Industrial Average closed down 1.49%, while the S&P 500 and Nasdaq Composite were down 1.57% and 2.04% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (-0.04%), the Dax 30 (-1.03%), CAC 40 (-0.99%) and the STOXX (-1.20%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.24%), HSI (+0.09%) and the Shanghai Composite (-0.26%).

The yield on the US 10 - year note was at 4.682%, while the 2 - year note was at 5.039%. Oil was up to $81.60 per barrel, down 1.25%. The gold price was at US$2302.70 per ounce, down 1.33%. 

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