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May 3rd Morning Report

Friday 3rd May 2024

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US markets closed higher on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. The Dow Jones Industrial Average closed up 0.85%, while the S&P 500 and Nasdaq Composite were up 0.91% and 1.51% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.63%), the Dax 30 (-0.20%), CAC 40 (-0.88%) and the STOXX (-0.62%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.10%), HSI (+2.50%) and the Shanghai Composite (-0.26%).

The yield on the US 10 - year note was at 4.589%, while the 2 - year note was at 4.881%. Oil was up to $79.06 per barrel, up 0.08%. The gold price was at US$2313.40 per ounce, up 0.10%. 

Morning Report 3 May 2024



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