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May 1st Morning Report

Thursday 1st May 2025

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The US markets closed higher after a late rally on Wednesday, erasing declines from most of the session after data showed the economy contracted in the first quarter for the first time in three years.

The Dow Jones Industrial Average up 0.35%, while the S&P 500 and Nasdaq Composite were up 0.15% and 0.09% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.37%), the Dax 30 (+0.32%), CAC 40 (+0.50%) 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(+0.57%), HSI (+0.51%) and the Shanghai Composite (-0.23%).

The yield on the US 10 - year note was at 4.168%, while the 2 - year note was at 3.613%. Oil was up to $58.23 per barrel, down 3.62%. The gold price was at US$3299.30 per ounce, down 1.03%. 



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