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July 28th Morning Report

Thursday 28th July 2022

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US markets closed higher as Federal Reserve raised interest rates as expected and comments by Fed Chairman Jerome Powell eased some investor worries about the pace of rate hikes. The Dow Jones Industrial Average closed up 1.37%, while the S&P 500 and Nasdaq Composite were up 2.62% and 4.06% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.57%), the Dax 30 (+0.53%), CAC 40 (+0.75%) and the STOXX (+0.91%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.22%), HSI (-1.13%) and the Shanghai Composite (-0.051%).

The yield on the US 10 - year note was at 2.785%, while the 2 - year note was at 2.984%. Oil was up to $98.12 per barrel, up 3.31%. The gold price was at US$1732.40 per ounce, up 0.86%. 

Morning Report 28 July 2022


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