August 25th Morning Report

The US Market closed higher on Friday, with the blue-chip Dow hitting a record high. In his Jackson Hole speech, US Federal Reserve Jerome Powell paved the way for a potential rate cut at the Fed's September meeting.

The Dow Jones Industrial Average up 1.89%, while the S&P 500 and Nasdaq Composite were up 1.52% and 1.88% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.13%), the Dax 30 (+0.29%), CAC 40 (+0.40%) and the STOXX (+0.48%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.05%), HSI (+0.93%) and the Shanghai Composite (-0.02%).

The yield on the US 10 - year note was at 4.256%, while the 2 - year note was at 3.698%. Oil was up to $63.66 per barrel, up 0.22%. The gold price was at US$3418.50 per ounce, up 1.09%. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

August 21st Morning Report
August 20th Morning Report
August 19th Morning Report
August 18th Morning Report
August 15th Morning Report
August 14th Morning Report
August 13th Morning Report
August 8th Morning Report
August 7th Morning Report
August 5th Morning Report