12th May 2022 Morning Report

US markets closed lower on Wednesday as investors assessed persistent inflation after a high consumer price index for April raised concerns about recession. The Dow Jones Industrial Average closed down 1.02%, while the S&P 500 and Nasdaq Composite were down 1.65% and 3.18% respectively. 

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+1.44%), the Dax 30 (+2.17%), CAC 40 (+2.50%) and the STOXX (+2.62%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.18%), HSI (+0.97%) and the Shanghai Composite (+0.75%).

The yield on the US 10 - year note was at 2.925%, while the 2 - year note was at 2.647%. Oil was up to $107.5 per barrel, up 4.92%. The gold price was at US$1852.3 per ounce, up 1.01%. 

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