February 3rd Morning Report

US markets closed higher on Thursday as a more dovish-than-expected message from Federal Reserve Chairman Jerome Powell stands to further boost hopes of slowing rate hikes and a so-called economic soft landing that have fueled a powerful rebound in U.S. stocks. The Dow Jones Industrial Average closed down 0.67%, while the S&P 500 and Nasdaq Composite were up 0.92% and 2.51% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.76%), the Dax 30 (+2.16), CAC 40 +-2.16%) and the STOXX (+1.67%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.20%), HSI (-0.52%) and the Shanghai Composite (+0.023%).

The yield on the US 10 - year note was at 3.404%, while the 2 - year note was at 4.10%. Oil was up to $75.67 per barrel, down 0.97%. The gold price was at US$1928.10 per ounce, down 0.76%. 

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:

October 29th Morning Report
October 25th Morning Report
October 24th Morning Report
October 23rd Morning Report
October 22nd Morning Report
October 2nd Morning Report
September 27th Morning Report
September 26th Morning Report
September 23rd Morning Report
September 20th Morning Report