13th May 2022 Morning Report

US markets closed lower on Thursday as high inflation and rising interest rates sparked concerns about an economic slowdown. The Dow Jones Industrial Average closed down 0.33%, while the S&P 500 and Nasdaq Composite were down 0.13% and up 0.06% respectively. 

Other key markets ended down. European stocks closed as follows: the FTSE100 (-1.56%), the Dax 30 (-0.64%), CAC 40 (-1.01%) and the STOXX (-0.94%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.77%), HSI (-2.24%) and the Shanghai Composite (-0.12%).

The yield on the US 10 - year note was at 2.855%, while the 2 - year note was at 2.58%. Oil was up to $107.8 per barrel, up 0.32%. The gold price was at US$1821.76per ounce, down 1.73%. 

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