Wednesday 8th September 2021
|Text too small?|
U.S. stock markets little changed Tuesday after Monday Labour Day holiday. The Dow Jones Industrial Average dropped 0.35%, while the S&P 500 and Nasdaq Composite slid 0.20% and 0.01%, respectively.
Bond yields continued to climb in the wake of last week’s disappointing jobs report. The benchmark 10-year yield was up five basis points at 1.37% after advancing three basis points on Friday.
Financials trended higher as rising bond yields swung the yield curve steeper. Boeing Co. shares were in focus after The Wall Street Journal reported 787 Dreamliner deliveries would likely be delayed until at least October as it awaits regulatory approval. One of its biggest clients, Ryanair Holdings said it would not go ahead with the purchase of the Max 737 jet. This all added downward pressure to its price, which fell 1.81%.
Other key overseas markets were mixed, with European bourses were lower across the board, with Germany’s DAX 30 sliding 0.56% and France’s CAC 40 slipping 0.26% despite eurozone growth being revised higher, while Britain’s FTSE 100 fell 0.53%. In Asia, Hong Kong’s Hang Seng index rose 0.73%, Japan’s Nikkei 225 was up 0.86% and China’s Shanghai Composite jumped 1.51%.
West Texas Intermediate crude oil slid 94 cents to $68.35 a barrel and gold lost $35 to $1,795.90 an ounce.
No comments yet
20th January 2022 Morning Report
19th January 2022 Morning Report
18th January 2022 Morning Report
17th January 2022 Morning Report
14th January 2022 Morning Report
13th January 2022 Morning Report
12th January 2022 Morning Report
11th January 2022 Morning Report
10th January 2022 Morning Report
7th January 2022 Morning Report