25th November 2021 Morning Report

U.S. stock markets were mixed at midday Wednesday, following a slew of both disappointing retail earnings and economic reports. A second estimate of 3Q GDP came in at 2.1%, slightly ahead of the previous 2.0% check, but well below the 6.6% growth rate in the second quarter. Durable Goods declined by 0.5%. Prices rocketed by 5% in the year through to October, according to the latest Personal Consumption Expenditures price index data. That topped the previous month's estimates, becoming the strongest increase, since November 1990. Oil was at $78 per barrel level, after gaining over 2% Tuesday, despite President Biden's mandate to release fifty million barrels from the U.S. strategic reserve to assist a decrease in energy costs. The U.S. 10 – year note was at 1.65% and the 2-year treasury was at 0.642%. 

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 8th Morning Report
August 5th Morning Report
August 4th Morning Report
August 3rd Morning Report
August 2nd Morning Report
August 1st Morning Report
July 29th Morning Report
July 28th Morning Report
July 27th Morning Report
July 25th Morning Report