October 5th Morning Report

Us market closed higher on Tuesday after softer US economic data led Treasury yields lower and Australia's central bank raised interest rates less than expected, providing hope that the Federal Reserve would soon temper its aggressive rate hikes. The Dow Jones Industrial Average was up 2.59%. The S&P 500 and the Nasdaq Composite was up 2.82% and 3.04% respectively.

In Europe key markets ended higher. The FTSE100 was 2.57% up, while the DAX30 was up 3.78% and the CAC40 was up 4.24%, the STOXX600 was up 4.26%. 

 Asian markets ended Thursday mixed. The Shanghai Composite (-0.55%),  and the Hong Kong Hang Seng (-0.83%) were down, while the Nikkei 225 (+2.96%) and South Korea’s KOSPI (+2.50%) were up. 

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