13th September 2021 Morning Report

U.S. stock markets fell for a fifth day on Friday, as producer prices posted their biggest annual increase on record.  The Dow Jones Industrial Average dropped 0.78%, while the S&P 500 index and the Nasdaq Composite index fell 0.77% and 0.88%, respectively. Both the Dow and the S&P 500 extended their losing streaks to five days. The price index report for August, showed prices surged 8.3% annually, the highest increase since record-keeping began in November 2010. Prices increased 0.7% month on month.  The report caused traders to sell U.S. Treasuries, driving the 10-year note yield to 1.34%. 

Other key overseas markets were in rally mode, with European exchanges all up. Britain’s FTSE 100 increased 0.07% while Germany’s DAX 30 and France’s CAC 40 declined 0.09% and 0.31%, respectively. Hong Kong’s Hang Seng index surged 1.91%, Japan’s Nikkei 225 rose 1.25% and China’s Shanghai Composite edged up 0.27%.

West Texas Intermediate crude oil increased $1.58 to $69.72 a barrel. 

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:

November 19th Morning Report
November 18th Morning Report
November 15th Morning Report
November 14th Morning Report
November 13th Morning Report
November 12th Morning Report
November 11th Morning Report
November 8th Morning Report
November 7th Morning Report
November 4th Morning Report