Thursday 14th December 2023 |
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US markets closed higher on Wednesday after the Federal Reserve held interest rates steady and signaled in new economic projections that the historic tightening of US monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024. The Dow Jones Industrial Average closed up 0.36%, while the S&P 500 and Nasdaq Composite were up 0.29% and up 0.47% respectively.
Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.08%), the Dax 30 (-0.15%), CAC 40 (-0.16%) and the STOXX (-0.14%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (+0.25%), HSI (-0.89%) and the Shanghai Composite (-1.15%).
The yield on the US 10 - year note was at 4.031%, while the 2 - year note was at 4.458%. Oil was up to $69.57 per barrel, up 1.40%. The gold price was at US$2032.20 per ounce, up 1.96%.
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