November 7th Morning Report

US markets closed higher on Monday geared up for commentary by a slew of policymakers later in the week which is likely to provide clarity on whether the Federal Reserve could cut rates next year. The Dow Jones Industrial Average closed down 0.07%, while the S&P 500 and Nasdaq Composite were down 0.06% and 0.03% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.00%), the Dax 30 (-0.35%), CAC 40 (-0.48%) and the STOXX (-0.38%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (+2.37%), HSI (+1.71%) and the Shanghai Composite (+0.91%).

The yield on the US 10 - year note was at 4.658%, while the 2 - year note was at 4.934%. Oil was up to $80.93 per barrel, up 0.52%. The gold price was at US$1986.30 per ounce, down 0.65%. 

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