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March 24th Morning Report

Friday 24th March 2023

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US markets closed higher on Thursday as market participants looked past remarks by US Federal Reserve Chairman Jerome Powell on Wednesday and weighed the possibility that the central bank will pause its restrictive interest rate hikes in the near future. The Dow Jones Industrial Average closed up 0.23%, while the S&P 500 and Nasdaq Composite were up 0.29% and 0.98% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.89%), the Dax 30 (-0.04%), CAC 40 (+0.11%) and the STOXX (+0.27%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.17%), HSI (+2.34%) and the Shanghai Composite (+0.64%).

The yield on the US 10 - year note was at 3.384%, while the 2 - year note was at 3.791%. Oil was up to $69.38 per barrel, down 2.14%. The gold price was at US$1998.30 per ounce, up 2.50%. 

Morning Report 24 March 2023

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