Friday 14th April 2023 |
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US markets rallied on Thursday after moderating US producer prices and a jump in weekly jobless claims bolstered bets that the Federal Reserve may soon pause its hiking of interest rates to tame high inflation. The Dow Jones Industrial Average closed up 1.14%, while the S&P 500 and Nasdaq Composite were up 1.99% and up 1.33% respectively.
Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.24%), the Dax 30 (+0.16%), CAC 40 (+1.13%) and the STOXX (+0.67%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.26%), HSI (+0.17%) and the Shanghai Composite (-0.27%).
The yield on the US 10 - year note was at 3.449%, while the 2 - year note was at 3.968%. Oil was up to $82.38 per barrel, down 1.06%. The gold price was at US$2054.90 per ounce, up 1.48%.
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