Friday 23rd June 2023 |
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US markets closed higher on Thursday as US Federal Reserve Chairman Jerome Powell continued to beat a hawksh drum and suggested the central bank has not reached the end of its tightening cycle, but provided reassurance that the Fed would proceed with caution. The Dow Jones Industrial Average closed down 0.01%, while the S&P 500 and Nasdaq Composite were up 0.37% and 0.95% respectively.
Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.76%), the Dax 30 (-0.22%), CAC 40 (-0.79%) and the STOXX (-0.42%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.92%), HSI (-1.98%) and the Shanghai Composite (-1.31%).
The yield on the US 10 - year note was at 3.797%, while the 2 - year note was at 4.791%. Oil was up to $69.56 per barrel, down 4.09%. The gold price was at US$1923.70 per ounce, down 1.09%.
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