Tuesday 27th February 2024 |
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US markets closed mxied on Monday after a scorching AI-led rally, as investors braced for key inflation data this week which could impact Federal Reserve's rate cut path. The release of January's personal consumption expenditures price index (PCE) - the Fed's preferred inflation gauge - on Thursday could hinder the recent stocks rally if the data points to persistent price pressues. The Dow Jones Industrial Average closed up 0.16%, while the S&P 500 and Nasdaq Composite were up 0.03% and down 0.28% respectively.
Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.29%), the Dax 30 (+0.02%), CAC 40 (-0.46%) and the STOXX (-0.17%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+2.19%), HSI (-0.10%) and the Shanghai Composite (+0.55%).
The yield on the US 10 - year note was at 4.287%, while the 2 - year note was at 4.729%. Oil was up to $77.78 per barrel, up 1.69%. The gold price was at US$2042.90 per ounce, down 0.32%.
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