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August 9th Morning Report

Wednesday 9th August 2023

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US markets closed lower on Tuesday in a broad sell-off after the downgrading of several lenders by credit rating agency Moody's reignited fears about the health of US banks and the economy. The Dow Jones Industrial Average closed up 0.45%, while the S&P 500 and Nasdaq Composite were up 0.42% and up 0.79% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.36%), the Dax 30 (-1.10%), CAC 40 (-0.69%) and the STOXX (-1.12%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(+0.38%), HSI (-1.81%) and the Shanghai Composite (-0.25%).

The yield on the US 10 - year note was at 4.026%, while the 2 - year note was at 4.756%. Oil was up to $82.78 per barrel, up 1.03%. The gold price was at US$1959.40 per ounce, down 0.54%. 

Morning Report 9 August 2023


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