June 6th Morning Report

Thursday 6th June 2024

US markets closed higher on Wednesday powered mainly by technology stocks as markets digested economic data that could support a much expected start to the Federal Reserve's policy easing cycle. The Dow Jones Industrial Average closed up 0.25%, while the S&P 500 and Nasdaq Composite were up 1.18% and 1.96% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.18%), the Dax 30 (+0.93%), CAC 40 (+0.87%) and the STOXX (+1.66%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.89%), HSI (-0.10%) and the Shanghai Composite (-0.83%).

The yield on the US 10 - year note was at 4.277%, while the 2 - year note was at 4.724%. Oil was up to $74.29 per barrel, up 1.42%. The gold price was at US$2375.30 per ounce, up 1.19%.