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August 23rd Morning Report

Wednesday 23rd August 2023

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US markets closed lower on Tuesday as investors stayed worried the Federal Reserve will keep interest rates higher for longer and as banks shares eased. The Dow Jones Industrial Average closed down 0.51%, while the S&P 500 and Nasdaq Composite were down 0.28% and up 0.06% respectively. 

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.18%), the Dax 30 (+0.66%), CAC 40 (+0.59%) and the STOXX (+0.84%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(+0.92%), HSI (+0.95%) and the Shanghai Composite (+0.88%).

The yield on the US 10 - year note was at 4.332%, while the 2 - year note was at 5.048%. Oil was up to $80.25 per barrel, down 0.58%. The gold price was at US$1926.30 per ounce, up 0.17%. 

Morning Report 23 August 2023

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