November 21st Morning Report

US markets closed higher on Monday as Microsoft climbed on news that ousted OpenAI head Sam Altman will join the software giant, while investors awaited more clues on when the Federal Reserve might begin cutting interest rates. The Dow Jones Industrial Average closed up 0.70%, while the S&P 500 and Nasdaq Composite were up 0.83% and 1.17% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.26%), the Dax 30 (+0.84%), CAC 40 (+0.91%) and the STOXX (+0.89%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (+0.48%), HSI (-2.12%) and the Shanghai Composite (-0.11%).

The yield on the US 10 - year note was at 4.439%, while the 2 - year note was at 4.894%. Oil was up to $75.84 per barrel, up 4.03%. The gold price was at US$1983.50 per ounce, down 0.19%. 

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