November 26th Morning Report

The US market closed higher on Tuesday as a spate of economic data appeared to support the case for the US Federal Reserve to implement its third and final rate cut of the year in December, while softness in the tech sector limited the Nasdaq's gains.

The Dow Jones Industrial Average up 1.40%, while the S&P 500 and Nasdaq Composite were up 0.79% and  0.46% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (+0.78%), the Dax 30 (+0.97%), CAC 40 (+0.83%) and the STOXX (+0.82%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.07%), HSI (+0.69%) and the Shanghai Composite (+0.049%).

The yield on the US 10 - year note was at 4.008%, while the 2 - year note was at 3.463%. Oil was down to $57.97 per barrel, down 1.61%. The gold price was at US$4169.95 per ounce, down 0.00%. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

November 25th Morning Report
November 24th Morning Report
November 20th Morning Report
November 19th Morning Report
November 18th Morning Report
November 17th Morning Report
October 17th Morning Report
October 15th Morning Report
October 14th Morning Report
October 13th Morning Report