Tuesday 2nd April 2024 |
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US markets closed higher on Monday, dragged down by investor worries over the timing of interest rate cuts by the Federal Reserve after stronger-than-expected manufacturing data pushed Treasury yields higher. The Dow Jones Industrial Average closed down 0.61%, while the S&P 500 and Nasdaq Composite were down 0.21% and up 0.06% respectively.
Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.26%), the Dax 30 (+0.50%), CAC 40 (+0.25%) and the STOXX (+0.35%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.40%), HSI (+0.91%) and the Shanghai Composite (+1.19%).
The yield on the US 10 - year note was at 4.317%, while the 2 - year note was at 4.711%. Oil was up to $83.94 per barrel, up 0.93%. The gold price was at US$2261.80 per ounce, up 1.05%.
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