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%. 

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