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August 29th Morning Report

Monday 29th August 2022

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US markets closed lower on Friday as it runs into what has historically been the toughest month for the US stock market, sparking nerves among some fund managers of a board sell-off in September. The Dow Jones Industrial Average closed down 3.03%, while the S&P 500 and Nasdaq Composite were down 3.37% and 3.94% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.70%), the Dax 30 (-2.26%), CAC 40 (-1.68%) and the STOXX (-1.93%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.57%), HSI (+1.01%) and the Shanghai Composite (-0.31%).

The yield on the US 10 - year note was at 3.03%, while the 2 - year note was at 3.382%. Oil was up to $92.97 per barrel, down 0.10%. The gold price was at US$1750.80 per ounce, up 0.06%. 

Morning Report 29 August 2022


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