Sharechat Logo

5th November 2021 Morning Report

Friday 5th November 2021

Text too small?

Global market strategist at JP Morgan Asset Management, Hugh Gimber summed up the mood in the market perfectly, with the following comment “what we’ve heard from the Fed yesterday is that next year central banks are going to be easing off the accelerator, but they won’t be hitting the brakes.” U.S. stocks were mixed Thursday, with the DJIA down 0.31%, while the S&P 500 and the NASDAQ were up 0.21% and 0.63% respectively. With the Fed news out of the way, US equities investors have turned their attention back to corporate profits, with a strong earnings season thus far.

Other overseas markets were broadly higher. European shares closed at record highs yesterday, after the U.S. Federal Reserve indicated it was in no hurry to hike interest rates. The Bank of England also left its rates unchanged. France’s CAC 40 rose 0.35% and Germany’s DAX 30 increased 0.51%, while Britain’s FTSE 100 ticked up 0.43%. Asian stocks put in relatively good performances, with Japan’s Nikkei up 0.93%, while Hong Kong’s Hang Seng index and China’s Shanghai Composite rose 0.8% and 0.81%, respectively. 

West Texas Intermediate crude was down 2.47% this morning at $78.86 a barrel and gold was 1.66% up, at $1,793.10 an ounce.

Morning Report 5 November 2021


  General Finance Advertising    

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.

Related News:

21st January 2022 Morning Report
20th January 2022 Morning Report
19th January 2022 Morning Report
18th January 2022 Morning Report
17th January 2022 Morning Report
14th January 2022 Morning Report
13th January 2022 Morning Report
12th January 2022 Morning Report
11th January 2022 Morning Report
10th January 2022 Morning Report