Sharechat Logo

12th November 2021 Morning Report

Friday 12th November 2021

Text too small?

U.S. stock markets were mixed after Wednesday’s sell-off, that came after an inflation reading hit a three-decade high. The S&P 500 was up 0.19% in recent trading. The technology-heavy Nasdaq Composite rose 0.74%. The Dow Jones Industrial Average pulled back 0.38%. Growth and technology stocks, which tend to perform poorly in an inflationary environment, rebounded.

Other key overseas markets rallied across the board, with France’s CAC 40 and Germany’s DAX 30 rising marginally 0.07% and 0.13%, respectively, while Britain’s FTSE 100 ended 0.44% up. Japan’s Nikkei 225 closed 0.59 higher, the Hong Kong’s Hang Seng rose 1.01% and China’s Shanghai Composite index jumped 1.15%, after indications that Beijing might moderate its tough property-sector rules. China Evergrande Group made another set of last-minute bond payments, averting default.

The US 10 - year note was at 1.57%. 

West Texas Intermediate crude oil was marginally up 29 cents at $81.63 a barrel and gold rose $15.30 to $1,863.60 an ounce.

Morning Report 12 November 2021

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

21st January 2022 Morning Report
20th January 2022 Morning Report
19th January 2022 Morning Report
18th January 2022 Morning Report
17th January 2022 Morning Report
14th January 2022 Morning Report
13th January 2022 Morning Report
12th January 2022 Morning Report
11th January 2022 Morning Report
10th January 2022 Morning Report