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22nd November 2021 Morning Report

Monday 22nd November 2021

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Oil prices tanked on Friday as rising COVID-19 lockdowns in Europe spooked investors. U.S. stocks markets closed mixed as the markets were weighed down by the increasing numbers of lockdowns in Europe. The Nasdaq Composite closed at a record high above 16,000 for the first time, while the Dow Jones Industrial Average ended 0.75% lower and the S&P 500 fell 0.14%. 

In Europe all the leading market ended lower, with the leading indices ending as follows: FTSE100 (-0.45%), CAC (-0.42%) and DAX30 (-0.38%). 

In Asia the situation was mixed with the Shanghai Composite up 1.13%, Nikkei 225 also higher at 0.5%, while the Hang Send fell -1.07%. Japan announced a US$490 billion stimulus package to jumpstart its economy, which has struggled as a result of the COVID-19 pandemic. 

The USA 10 - year note yield ended at 1.54%, while the 2 - year treasury yield closed at 0.513%. 

West Texas Intermediate crude tumbled over 5.8% to $76.10 per barrel, the biggest drop since late March 2020. Gold ended flat at US$1815.60 per ounce

Morning Report 22 November 2021


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