September 2nd Morning Report

US markets closed mixed on Thursday, as persistent worries about rising global interest rates and recessions hounded stocks, bonds and oil prices, and vaulted the US dollar to a 24-year high against the yen. The Dow Jones Industrial Average closed up 0.46%, while the S&P 500 and Nasdaq Composite were up 0.30% and 0.26% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-1.86%), the Dax 30 (-1.60%), CAC 40 (-1.48%) and the STOXX (-1.72%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.53%), HSI (-1.79%) and the Shanghai Composite (-0.54%).

The yield on the US 10 - year note was at 3.259%, while the 2 - year note was at 3.404%. Oil was down to $86.34 per barrel, down 3.58%. The gold price was at US$1708.30 per ounce, down 1.04%. 

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