23rd August 2021 Morning Report

U.S. share markets rallied Friday but were unable to recover the total losses for the week with investors still wary over the Federal Reserve’s timeline to taper asset purchases. The Dow Jones Industrial Average closed 0.64%, higher while the S&P 500 index and the Nasdaq Composite index rose 0.81% and 1.19%, respectively. All three of benchmarks lost between 0.5% and 1% for the week.  

Other key overseas markets closed mixed. In Europe, Germany’s DAX 30 ended up 0.27%, France’s CAC 40 added 0.31% and Britain’s FTSE 100 rose 0.41%. Hong Kong’s Hang Seng index tumbled 1.84%, reversing into a bear market, while China’s Shanghai Composite index and Japan’s Nikkei 225 fell 1.1% and 0.98%, respectively. 

West Texas Intermediate crude oil fell $1.37 to $62.32 a barrel and gold edged up 80 cents to $1,781 an ounce. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

August 15th Morning Report
August 14th Morning Report
August 13th Morning Report
August 8th Morning Report
August 7th Morning Report
August 5th Morning Report
August 4th Morning Report
August 1st Morning Report
July 30th Morning Report
July 29th Morning Report