Wednesday 17th September 2025 |
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The US market closed lower on Tuesday as caution set in ahead of an anticipated interest rate cut from the Federal Reserve.
Investor are largely still pricing in a 25 basis-point cut from the US central bank at the conclusion of its two-day meeting on Wednesday, to offset the deterioration in the US labor market, evidenced by numerous recent economic indicators.
The Dow Jones Industrial Average down 0.13%, while the S&P 500 and Nasdaq Composite were down 0.27% and 0.07% respectively.
Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.88%), the Dax 30 (-1.77%), CAC 40 (-1.00%) and the STOXX (-1.25%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.30%), HSI (-0.03%) and the Shanghai Composite (+0.035%).
The yield on the US 10 - year note was at 4.03%, while the 2 - year note was at 3.51%. Oil was up to $64.55 per barrel, up 1.97%. The gold price was at US$3727.55 per ounce, up 0.23%.
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