June 4th Morning Report

Tuesday 4th June 2024

US markets closed lower on Monday following soft manufacturing sector data and as a glitch on the NYSE briefly caused trading halts in several equities. A glitch at the New York Stock Exchange had triggerd massive swings in the shares of Birkshire Hathaway and Barrick Gold. Trading in at least 60 NYSE-listed stocks were halted due to the volatility, before the bourse fixed the technical issue and activity resued. The Dow Jones Industrial Average closed down 0.30%, while the S&P 500 and Nasdaq Composite were down 0.11% and 0.56% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.15%), the Dax 30 (+0.60%), CAC 40 (+0.06%) and the STOXX (+0.40%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.13%), HSI (+1.79%) and the Shanghai Composite (-0.27%).

The yield on the US 10 - year note was at 4.392%, while the 2 - year note was at 4.812%. Oil was up to $74.15 per barrel, down 3.69%. The gold price was at US$2369.10 per ounce, up 0.99%.