May 25th Morning Report

US markets closed lower on Wednesday as talks between the White House and Republican representatives on raising the US debt ceiling dragged on without a deal. The Dow Jones Industrial Average closed down 0.77%, while the S&P 500 and Nasdaq Composite were down 0.73% and  0.61% respectively. 

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-1.75%), the Dax 30 (-1.92%), CAC 40 (-1.70%) and the STOXX (-1.81%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.89%), HSI (-1.62%) and the Shanghai Composite (-1.28%).

The yield on the US 10 - year note was at 3.744%, while the 2 - year note was at 4.378%. Oil was up to $74.09 per barrel, up 1.62%. The gold price was at US$1960.00 per ounce, down 0.73%. 

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