May 23rd Morning Report

Thursday 23rd May 2024

US markets closed higher on Wednesday digested minutes of the Federal Reserve's most recent meeting ahead of quarterly results from AI chipmaker Nvidia, due after the closing bell. The Dow Jones Industrial Average closed down 0.51%, while the S&P 500 and Nasdaq Composite were down 0.27% and 0.18% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.55%), the Dax 30 (-0.25%), CAC 40 (-0.61%) and the STOXX (-0.43%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.85%), HSI (-0.13%) and the Shanghai Composite (+0.018%).

The yield on the US 10 - year note was at 4.424%, while the 2 - year note was at 4.873%. Oil was up to $77.28 per barrel, down 1.75%. The gold price was at US$2381.40 per ounce, down 1.83%.