Sharechat Logo

February 16th Morning Report

Friday 16th February 2024

Text too small?

US markets ended higher on Thursday as retail sales data declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates in coming months. A Commerce Department report showed US retail sales dropped 0.8% in January, weighed by declines at auto dealerships and gasoline service stations. The Dow Jones Industrial Average closed up 0.82%, while the S&P 500 and Nasdaq Composite were up 0.26% and up 0.57% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (+0.38%), the Dax 30 (+0.60%), CAC 40 (+0.86%) and the STOXX (+0.72%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.21%), HSI (+0.41%) and the Shanghai Composite (+1.28%).

The yield on the US 10 - year note was at 4.238%, while the 2 - year note was at 4.565%. Oil was up to $78.18 per barrel, up 2.01%. The gold price was at US$2016.60 per ounce, up 0.61%. 

Morning Report 16 February 2024

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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.

Related News:

April 24th Morning Report
April 23rd Morning Report
April 19th Morning Report
April 18th Morning Report
April 17th Morning Report
April 16th Morning Report
April 15th Morning Report
April 12th Morning Report
April 11th Morning Report
April 10th Morning Report