10th November 2021 Morning Report

Wednesday 10th November 2021

U.S. stock markets pulled back from previous record highs on Tuesday, after another bad inflation number. The producer price index increased 0.6% in October, in line with what analysts were expecting. Prices rose 8.6%, recording the seventh straight record year on year increase. The Dow Jones Industrial Average declined 0.54%, while the S&P 500 index and the Nasdaq Composite index slipped 0.43% and 0.62%, respectively.

Other key overseas markets were mostly higher, with Britain’s FTSE 100 up 0.07%, Germany’s DAX 30 advancing 0.24% and France’s CAC 30 rising 0.33%. Japan’s Nikkei 225 declined 0.75% while Hong Kong’s Hang Seng and China’s Shanghai Composite ended both higher, 0.2% and 0.24%, respectively.

West Texas Intermediate crude oil jumped forty-three cents to $82.36 a barrel while gold ticked up ninety cents to $1,829 an ounce. The yield on the 10-year note was down to 1.45%.

Morning Report 10 November 2021

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