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October 20th Morning Report

Friday 20th October 2023

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US markets closed lower on Thursday with Tesla down sharply, and afternoon trading was volatile as investors weighed comments from Federal Reserve Chair Jerome Powell and tried to determine whether the central bank would keep interest rates higher for longer. The Dow Jones Industrial Average closed down 0.86%, while the S&P 500 and Nasdaq Composite were down 1.01% and 1.15% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-1.17%), the Dax 30 (-0.86%), CAC 40 (-0.64%) and the STOXX (-0.38%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (-1.91%), HSI (-2.46%) and the Shanghai Composite (-1.74%).

The yield on the US 10 - year note was at 4.988%, while the 2 - year note was at 5.156%. Oil was up to $90.47 per barrel, up 2.43%. The gold price was at US$1989.10 per ounce, up 1.06%. 

Morning Report 20 October 2023

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