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1st November 2021 Morning Report

Monday 1st November 2021

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U.S. stock markets record new all - time highs. he Dow Jones Industrial Average ended 0.25% higher at 35819.56, while the S&P 500 index and the Nasdaq Composite index inched higher by 0.19% and 0.33%, respectively at 4605.3 and 15498.38. The market reacted positively after the after the Bureau of Economic Analysis said core personal consumption expenditures prices rose at their fastest annual pace in 30 years. Apple Inc. reported sales that fell short of estimates due to supply chain bottlenecks, which cost the company an $6 billion in quarterly revenue. Amazon Inc. missed on both the top and bottom lines and delivered a disappointing outlook for the critical holiday, as it too was adversely affected by supply chain constraints, rising labour costs.

European markets ended on a negative note with Britain’s FTSE 100 falling 0.4%, France’s CAC 40 declining 0.42% and Germany’s DAX 30 sliding 0.68%. Hong Kong’s Hang Seng slumped 0.7%, while Japan’s Nikkei 225 and China’s Shanghai Composite closed 0.25% and 0.82% higher, respectively. 

West Texas Intermediate crude oil ticked up 76 cents to $83.54 a barrel and gold dipped $18.60 to $1,783 an ounce. 

Morning Report 1 November 2021

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