November 15th Morning Report

Friday 15th November 2024

US markets closed lower on Thursday after monthly producer prices rose as expected, with investors awaiting Federal Reserve Chair Jerome Powell's comments expected during the last hour of trading for clues on the outlook for interest rates.

The Dow Jones Industrial Average closed down 0.54%, while the S&P 500 and Nasdaq Composite were down 0.60% and down 0.68%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.51%), the Dax 30 (+1.37%), CAC 40 (+1.32%) and the STOXX (+1.97%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-1.66%), HSI (-0.12%) and the Shanghai Composite (+0.51%).

The yield on the US 10 - year note was at 4.451%, while the 2 - year note was at 4.36%. Oil was up to $68.95 per barrel, up 0.38%. The gold price was at US$2577.10 per ounce, down 0.18%.