Thursday 2nd February 2023 |
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US markets closed lower on Wednesday in choppy trade, bouncing off session lows hit when the Federal Reserve increased interest rates by a quarter of a percentage point and said it expects "ongoing increases" in borrowing costs as it keeps battling high inflation. The Dow Jones Industrial Average closed down 0.39%, while the S&P 500 and Nasdaq Composite were up 0.34% and 0.89% respectively.
Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.14%), the Dax 30 (+0.35), CAC 40 (-0.07%) and the STOXX (+0.19%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.07%), HSI (+1.05%) and the Shanghai Composite (+0.90%).
The yield on the US 10 - year note was at 3.413%, while the 2 - year note was at 4.133%. Oil was up to $76.36 per barrel, down 3.18%. The gold price was at US$1938.10 per ounce, down 0.38%.
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