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March 23rd Morning Report

Thursday 23rd March 2023

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US markets closed higher on Wednesday after the US Federal Reserve delivered a widely expected 25 basis point policy hike, while hinting that it was on the verge of pausing future uncreases in view of recent turmoil in the financial sector. The Dow Jones Industrial Average closed down 0.66%, while the S&P 500 and Nasdaq Composite were down 0.49% and 0.32% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.41%), the Dax 30 (+0.14%), CAC 40 (+0.26%) and the STOXX (+0.34%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.93%), HSI (+1.36%) and the Shanghai Composite (+0.64%).

The yield on the US 10 - year note was at 3.449%, while the 2 - year note was at 3.943%. Oil was up to $70.54 per barrel, up 1.25%. The gold price was at US$1969.30 per ounce, up 1.45%. 

Morning Report 23 March 2023

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