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February 26th Morning Report

Monday 26th February 2024

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US markets closed higher on Friday as strong corporate results have helped fuel the S&P 500's climb to new highs this year, taking the focus away from the Federal Reserve's tortuous path towards lower interest rates. The Dow Jones Industrial Average closed up 1.18%, while the S&P 500 and Nasdaq Composite were up 2.12% and up 2.99% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.28%), the Dax 30 (+0.28%), CAC 40 (+0.70%) and the STOXX (+0.35%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+2.19%), HSI (-0.10%) and the Shanghai Composite (+0.55%).

The yield on the US 10 - year note was at 4.248%, while the 2 - year note was at 4.687%. Oil was up to $76.57 per barrel, down 2.60%. The gold price was at US$2045.08 per ounce, up 0.74%. 

Morning Report 26 February 2024


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