18th July 2022 Morning Report

Monday 18th July 2022

US markets closed higher on Friday, ending several days of sell-offs with a rebound fueled by upbeat earnings, strong economic data and easing fears of larger-than-expected interest rate hike by the Federal Reserve. The Dow Jones Industrial Average closed up 2.15%, while the S&P 500 and Nasdaq Composite were up 1.79% and 1.92% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.69%), the Dax 30 (+2.76%), CAC 40 (+2.04%) and the STOXX (+2.37%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.54%), HSI (-2.19%) and the Shanghai Composite (-1.64%).

The yield on the US 10 - year note was at 2.928%, while the 2 - year note was at 3.13%. Oil was down to $97.57 per barrel, down 0.02%. The gold price was at US$1706.50 per ounce, up 0.17%.

Morning Report 18 July 2022

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