August 6th Morning Report

US markets ended sharply lower on Monday, as US recession worries shook global markets and drove investors out of risky assets, while Apple shares dropped as Berkshire Hathaway cut its stake in the company. The recession concerns followed weak economic data last week, including Friday's soft US payrolls report.

The Dow Jones Industrial Average closed down 2.60%, while the S&P 500 and Nasdaq Composite were down 3.00% and 3.43% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-2.04%), the Dax 30 (-1.82%), CAC 40 (-1.42%) and the STOXX (-1.42%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-12.40%), HSI (-1.46%) and the Shanghai Composite (-1.54%).

The yield on the US 10 - year note was at 3.792%, while the 2 - year note was at 3.924%. Oil was up to $73.78 per barrel, up 0.35%. The gold price was at US$2447.50 per ounce, down 0.90%. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

April 11th Morning Report
April 10th Morning Report
April 9th Morning Report
April 8th Morning Report
April 7th Morning Report
April 4th Morning Report
April 1st Morning Report
March 31st Morning Report
March 28th Morning Report
March 25th Morning Report