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November 20th Morning Report

Monday 20th November 2023

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US markets closed higher on Friday, it was the longest weekly winning strak since July. The Nasdaq had its longest weekly advance since June. Signs of cooling inflation have fueled hopes that the Federal Reserve is done raising interest rates, helping extend a rally that has seen the S&P 500 gain over 9% since later October. The Dow Jones Industrial Average closed up 0.01%, while the S&P 500 and Nasdaq Composite were up 0.13% and 0.08% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.26%), the Dax 30 (+0.84%), CAC 40 (+0.91%) and the STOXX (+0.89%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (+0.48%), HSI (-2.12%) and the Shanghai Composite (-0.11%).

The yield on the US 10 - year note was at 4.439%, while the 2 - year note was at 4.894%. Oil was up to $75.84 per barrel, up 4.03%. The gold price was at US$1983.50 per ounce, down 0.19%. 

Morning Report 20 November 2023

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