Friday 3rd February 2023 |
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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%.
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