24th May 2022 Morning Report

US markets closed higher on Monday with the S&P 500 moving away from a bear market for the moment, while the euro rose after the European central bank said it was likely to lift its interest rate out of the negative territory by September. The Dow Jones Industrial Average closed up 1.98%, while the S&P 500 and Nasdaq Composite were up 1.86% and 1.59% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.67%), the Dax 30 (+1.38%), CAC 40 (+1.17%) and the STOXX (+1.40%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.98%), HSI (-1.19%) and the Shanghai Composite (+0.009%).

The yield on the US 10 - year note was at 2.853%, while the 2 - year note was at 2.625%. Oil was up to $113.5 per barrel, up 0.82%. The gold price was at US$1853.7 per ounce, up 0.43%. 

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