November 15th Morning Report

Wednesday 15th November 2023

US markets closed higher on Tuesday led by a more than 2% gain in the Nasdaq, as softer-than-expected inflation data supported the view that the Federal Reserve may be done raising interest rates. The Dow Jones Industrial Average closed up 1.59%, while the S&P 500 and Nasdaq Composite were up 2.10% and 2.52% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.20%), the Dax 30 (+1.76%), CAC 40 (+1.13%) and the STOXX (+1.21%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (+0.34%), HSI (-0.17%) and the Shanghai Composite (+0.31%).

The yield on the US 10 - year note was at 4.441%, while the 2 - year note was at 4.817%. Oil was up to $78.27 per barrel, up 0.01%. The gold price was at US$1968.00 per ounce, up 0.91%.

Morning Report 15 November 2023

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