Monday 1st May 2023 |
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US markets closed higher on Friday, despite a crushing day for First Republic Bank, which appeared to be on the verge of collapse. The US Federal Deposit Insurance Corporation (FDIC) is preparing to place the San Francisco-based under receivership. The Dow Jones Industrial Average closed up 0.80%, while the S&P 500 and Nasdaq Composite were up 0.83% and up 0.69% respectively.
Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.50%), the Dax 30 (+0.77%), CAC 40 (+0.10%) and the STOXX (+0.03%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.40%), HSI (+0.27%) and the Shanghai Composite (+1.14%).
The yield on the US 10 - year note was at 3.433%, while the 2 - year note was at 4.021%. Oil was up to $76.63 per barrel, down 0.20%. The gold price was at US$1999.40 per ounce, up 0.02%.
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