March 26th Morning Report

Tuesday 26th March 2024

US markets closed little changed on Monday, the first session after the biggest weekly percentage gains for the indexes this year, as investors assessed the likely path of interest rates from the Federal Reserve ahead of key inflation data due later in this holiday-shortened week. The Dow Jones Industrial Average closed down 0.41%, while the S&P 500 and Nasdaq Composite were down 0.31% and up 0.27% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.17%), the Dax 30 (+0.30%), CAC 40 (-0.00%) and the STOXX (+0.26%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.16%), HSI (-0.16%) and the Shanghai Composite (+0.55%).

The yield on the US 10 - year note was at 4.249%, while the 2 - year note was at 4.632%. Oil was up to $80.05 per barrel, up 1.76%. The gold price was at US$2173.90 per ounce, up 0.64%.

Morning Report 26 March 2024

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