October 17th Morning Report

Tuesday 17th October 2023

US markets closed sharply higher on Monday afternoon trading as investors were optimistic about the start of earnings season, with transportation shares advancing. The Dow Jones Industrial Average closed up 0.93%, while the S&P 500 and Nasdaq Composite were up 1.06% and 1.20% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.41%), the Dax 30 (+0.34%), CAC 40 (+0.27%) and the STOXX (+0.33%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (-2.03%), HSI (-0.97%) and the Shanghai Composite (-0.46%).

The yield on the US 10 - year note was at 4.70%, while the 2 - year note was at 5.101%. Oil was down to $87.02 per barrel, down 0.76%. The gold price was at US$1932.90 per ounce, up 0.44%.

Morning Report 17 October 2023

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