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August 18th Morning Report

Friday 18th August 2023

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US markets closed lower on Thursday after choppy trading on Thursday as losses in healthcare stocks eclipsed gains in Cisco and energy stocks, while upbeat economic data kept alive fears of interest rates remaining higher for longer. The Dow Jones Industrial Average closed down 0.84%, while the S&P 500 and Nasdaq Composite were down 0.77% and 1.17% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.63%), the Dax 30 (-0.71%), CAC 40 (-0.94%) and the STOXX (-1.32%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(-0.44%), HSI (-0.01%) and the Shanghai Composite (+0.43%).

The yield on the US 10 - year note was at 4.284%, while the 2 - year note was at 4.936%. Oil was up to $80.06 per barrel, up 0.86%. The gold price was at US$1918.90 per ounce, down 0.49%. 

Morning Report 18 August 2023

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