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May 26th Morning Report

Friday 26th May 2023

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US markets closed higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in US debt ceiling talks. The Dow Jones Industrial Average closed down 0.11%, while the S&P 500 and Nasdaq Composite were up 0.88% and  1.71% respectively. 

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.74%), the Dax 30 (-0.31%), CAC 40 (-0.33%) and the STOXX (+0.14%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.39%), HSI (-1.93%) and the Shanghai Composite (-0.11%).

The yield on the US 10 - year note was at 3.825%, while the 2 - year note was at 4.537%. Oil was up to $71.83 per barrel, down 3.38%. The gold price was at US$1940.80 per ounce, down 1.21%. 

Morning Report 26 May 2023


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