May 1st Morning Report

The US market closed higher on Thursday and the S&P 500 and the Nasdaq logged their biggest monthly gains in years as solid corporate earnings offset the war-related oil supply shock that has rattled markets and sent crude prices to four-year highs.

The Dow Jones Industrial Average up 1.62%, while the S&P 500 and Nasdaq Composite were up 1.02% and up 0.89% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (+1.62%), the Dax 30 (+1.41%), CAC 40 (+0.53%) and the STOXX (+1.12%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-1.06%), HSI (-1.28%) and the Shanghai Composite (+0.11%).

The yield on the US 10 - year note was at 4.372%, while the 2 - year note was at 3.869%. Oil was down to $105.45 per barrel, down 1.34%. The gold price was at US$4636.00 per ounce, up 1.63%. 

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