November 11th Morning Report

Monday 11th November 2024

US markets closed higher on Friday and S&P 500 closed with its biggest weekly percentage gain in a year, as Donald Trump's election victory and a possible Republican Party sweep in Congress fueled expectations for favorable business policies.

The Dow Jones Industrial Average closed up 0.59%, while the S&P 500 and Nasdaq Composite were up 0.38% and 0.09%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.84%), the Dax 30 (-0.76%), CAC 40 (-1.17%) and the STOXX (-1.01%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.30%), HSI (-1.07%) and the Shanghai Composite (-0.53%).

The yield on the US 10 - year note was at 4.306%, while the 2 - year note was at 4.252%. Oil was up to $68.50 per barrel, down 2.67%. The gold price was at US$2677.60 per ounce, down 0.52%.