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November 8th Morning Report

Wednesday 8th November 2023

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US markets closed higher on Tuesday following a choppy start to the session as falling US Treasury yields supported megacap growth stocks, while investors awaited more commentary by Federal Reserve officials to gauge the interest rate path. The Dow Jones Industrial Average closed up 0.16%, while the S&P 500 and Nasdaq Composite were up 0.36% and 1.09% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.10%), the Dax 30 (+0.10%), CAC 40 (-0.39%) and the STOXX (-0.13%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (-1.34%), HSI (-1.65%) and the Shanghai Composite (-0.037%).

The yield on the US 10 - year note was at 4.575%, while the 2 - year note was at 4.915%. Oil was up to $77.39 per barrel, down 4.24%. The gold price was at US$1974.10 per ounce, down 0.73%. 

Morning Report 08 November 2023

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