December 8th Morning Report

US markets closed lower on Wednesday, bouncing around in choppy trading as investors weighed potential recession fears linked to the pace of the Federal Reserve's monetary policy tightening and its effects on corporate America. The Dow Jones Industrial Average closed down 0.02%, while the S&P 500 and Nasdaq Composite were down 0.17% and 0.44% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.43%), the Dax 30 (-0.57), CAC 40 (-0.41%) and the STOXX (-0.46%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.72%), HSI (-3.22%) and the Shanghai Composite (-0.40%).

The yield on the US 10 - year note was at 3.419%, while the 2 - year note was at 4.262%. Oil was up to $72.29 per barrel, down 2.64%. The gold price was at US$1801.40 per ounce, up 1.07%. 

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