March 20th Morning Report

Monday 20th March 2023

US markets closed lower on Friday marking the end of tumultuous week dominated by an unfolding crisis in the banking sector, with investors now guessing how much the Federal Reserve will hike interest rates next week, if at all. The Dow Jones Industrial Average closed down 1.19%, while the S&P 500 and Nasdaq Composite were down 1.10% and 0.74% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-1.01%), the Dax 30 (-1.33%), CAC 40 (-1.43%) and the STOXX (-1.26%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.20%), HSI (+1.64%) and the Shanghai Composite (+0.73%).

The yield on the US 10 - year note was at 3.438%, while the 2 - year note was at 3.846%. Oil was up to $66.34 per barrel, down 0.60%. The gold price was at US$1993.70 per ounce, up 1.02%.

Morning Report 20 March 2023

Comments from our readers

No comments yet