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November 3rd Morning Report

Friday 3rd November 2023

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US markets closed higher on Wednesday after the US Federal Reserve kept interest rates unchanged and comments from its top official reassured investors even as he left the door open for further hikes and pointed to economic strength. The Dow Jones Industrial Average closed up 1.70%, while the S&P 500 and Nasdaq Composite were up 1.89% and up 1.77% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.42%), the Dax 30 (+1.48%), CAC 40 (+1.85%) and the STOXX (+1.90%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (+1.10%), HSI (+0.75%) and the Shanghai Composite (-0.45%).

The yield on the US 10 - year note was at 4.667%, while the 2 - year note was at 4.989%. Oil was up to $82.55 per barrel, up 2.62%. The gold price was at US$1992.50 per ounce, up 0.25%. 

Morning Report 03 November 2023

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