2nd June 2022 Morning Report

US markets closed lower on Wednesday as investors concerned that the latest economic data will keep Federal Reserve on its aggressive interest rate hiking cycle aimed at taming run-away inflation. The Dow Jones Industrial Average closed down 0.54%, while the S&P 500 and Nasdaq Composite were down 0.72% and 0.75% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.98%), the Dax 30 (-0.33%), CAC 40 (-0.77%) and the STOXX (-0.78%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.65%), HSI (-0.56%) and the Shanghai Composite (-0.13%).

The yield on the US 10 - year note was at 2.911%, while the 2 - year note was at 2.648%. Oil was up to $115.8 per barrel, up 0.23%. The gold price was at US$1846.66 per ounce, up 0.55%. 

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