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August 14th Morning Report

Monday 14th August 2023

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US markets closed mixed on Friday, with both Nasdaq and the S&P 500 recording a second straight weekly decline, as hotter-than-expected US producer prices data pushed Treasury yields higher and sank rate-sensitive megacap growth stocks. The Dow Jones Industrial Average closed up 0.30%, while the S&P 500 and Nasdaq Composite were down 0.11% and up 0.68% respectively. 

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-1.24%), the Dax 30 (-1.03%), CAC 40 (-1.26%) and the STOXX (-1.43%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(+0.84%), HSI (-0.90%) and the Shanghai Composite (+0.31%).

The yield on the US 10 - year note was at 4.158%, while the 2 - year note was at 4.893%. Oil was up to $83.04 per barrel, down 0.18%. The gold price was at US$1945.70 per ounce, down 0.05%. 

Morning Report 14 August 2023

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