17th November 2021 Morning Report

Wednesday 17th November 2021

The main U.S. stock markets all were up on Tuesday, with the Dow Jones Industrial Average rose 0.36%, while the S&P 500 index and the Nasdaq Composite index were also up 0.55% and 0.77%, respectively. The retail sales report for October showed sales increased 1.7% l in October, up accelerating from the 0.7% increase in September. President Biden signed the $1.2 trillion bipartisan infrastructure bill into law.

Other key overseas markets were mostly higher, with Germany’s DAX 30 rising 0.67% and France's CAC 40 up 0.41%, after eurozone’s economy grew 2.2% last quarter, up from 2.1% the prior quarter. Britain’s FTSE 100 ended marginally lower by 0.21%. China’s Shanghai Composite slipping 0.33% while Japan’s Nikkei 225 and Hong Kong’s Hang Seng index rose 0.11% and 1.27%, respectively.

The US 10-year treasury note was at 1.623%, while the 2-year treasury bill was at 0.52%.

West Texas Intermediate crude oil was trading around the $80.70 a barrel and gold declined to $1,861 an ounce.

Morning Report 17 November 2021

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