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%. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 24 January 2025
Contact secures gas supply
MCK - MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE
January 22nd Morning Report
ATM - 1H25 Results Announcement Date and Webcast Notification
MCK RECEIVES TAKEOVER OFFER FROM CDLHHNZ
PHL - Senior Manager Change
Steel & Tube 1H25 Interim Results to be announced on 24 Feb
January 20th Morning Report
KPG - Changes to the Kiwi Property Board