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May 15th Morning Report

Wednesday 15th May 2024

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US markets closed higher on and the Nasdaq scored a record closing high as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report. The Dow Jones Industrial Average closed up 0.32%, while the S&P 500 and Nasdaq Composite were up 0.48% and up 0.75% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.16%), the Dax 30 (-0.14%), CAC 40 (+0.20%) and the STOXX (+0.03%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.46%), HSI (-0.22%) and the Shanghai Composite (-0.071%).

The yield on the US 10 - year note was at 4.445%, while the 2 - year note was at 4.821%. Oil was up to $78.44 per barrel, down 0.86%. The gold price was at US$2362.70 per ounce, up 0.84%. 

Morning Report 15 May 2024

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