3rd March 2022 Morning Report

US markets closed higher on Wednesday after Jerome Powell, Chairman of Federal Reserve, suggested that he would support a 0.25% rate rise this month, regardless of the uncertainty between Russia and Ukraine. 

The Dow Jones Industrial Average closed up 2.02%, while the S&P 500 and Nasdaq Composite were up 2.08% and 1.73%, respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.36%), the Dax 30 (+0.69%), CAC 40 (+1.59%) and the STOXX (+1.45%). In Asia, the Hang Seng and Shanghai indices ended lower. The key Asian indices ended yesterday as follows: Nikkei 225(-1.68%), HSI (-1.84%) and the Shanghai Composite (-0.13%).

The yield on the US 10 - year note was at 1.865%, while the 2 - year note was at 1.512%. Oil was up to $113.8 per barrel, up 8.37%. The gold price was at US$1928.10 per ounce, down 0.88%. 

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:

October 9th Morning Report
October 7th Morning Report
October 6th Morning Report
October 3rd Morning Report
October 2nd Morning Report
October 1st Morning Report
September 30th Morning Report
September 29th Morning Report
September 26th Morning Report
September 24th Morning Report