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February 7th Morning Report

Wednesday 7th February 2024

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US markets ended mixed on Tuesday as investors srutinized big-ticket earnings and awaited commentary from policymakers for clues on the timing of the Federal Reserve's first interest-rate cut. The Dow Jones Industrial Average closed up 0.14%, while the S&P 500 and Nasdaq Composite were up 0.02% and down 0.19% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.90%), the Dax 30 (+0.76%), CAC 40 (+0.65%) and the STOXX (+0.76%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.53%), HSI (+4.04%) and the Shanghai Composite (+3.23%).

The yield on the US 10 - year note was at 4.087%, while the 2 - year note was at 4.406%. Oil was up to $73.56 per barrel, up 1.07%. The gold price was at US$2052.20 per ounce, up 0.46%. 

Morning Report 7 February 2024


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