May 16th Morning Report

US markets closed slightly higher on Monday after manufacturing data raised concerns about a slowing US economy that could help bring down inflation amid ongoing debt ceiling negotiations, while a rise in Meta shares helped lift the Nasdaq. The Dow Jones Industrial Average closed up 0.14%, while the S&P 500 and Nasdaq Composite were up 0.30% and up 0.66% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.30%), the Dax 30 (+0.02%), CAC 40 (+0.05%) and the STOXX (-0.03%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.81%), HSI (+1.75%) and the Shanghai Composite (+1.17%).

The yield on the US 10 - year note was at 3.508%, while the 2 - year note was at 4.01%. Oil was up to $71.32 per barrel, up 1.83%. The gold price was at US$2021.30 per ounce, up 0.07%. 

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