January 24th Morning Report

Tuesday 24th January 2023

US markets closed higher on Monday, led higher by technology stocks as investors embarked on an earnings-heavy week with a renewed enthusiasm for market leading momentum stocks that were battered last year. The Dow Jones Industrial Average closed up 1.00%, while the S&P 500 and Nasdaq Composite were up 1.89% and 2.66% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.30%), the Dax 30 (+0.46), CAC 40 (+0.52%) and the STOXX (+0.75%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.33%), HSI (+1.82%) and the Shanghai Composite (+0.76%).

The yield on the US 10 - year note was at 3.526%, while the 2 - year note was at 4.238%. Oil was up to $81.46 per barrel, down 0.22%. The gold price was at US$1929.00 per ounce, up 0.04%.

Morning Report 24 January 2023

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