Sharechat Logo

5th May 2022 Morning Report

Thursday 5th May 2022

Text too small?

US markets closed higher on Wednesday after Federal Reserve raised the overnight interest rates by 0.5% for the first time in 22 years and as Chairman Powell signalled the economy can make a 'soft landing'. The Dow Jones Industrial Average closed up 2.81%, while the S&P 500 and Nasdaq Composite were up 2.99% and 3.19% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.90%), the Dax 30 (-0.49%), CAC 40 (-1.24%) and the STOXX (-0.96%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.11%), HSI (-1.10%) and the Shanghai Composite (+2.41%).

The yield on the US 10 - year note was at 2.946%, while the 2 - year note was at 2.654%. Oil was up to $110.0 per barrel, up 4.74%. The gold price was at US$1881.47 per ounce, up 0.68%. 

Morning Report 5 May 2022


  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:

December 9th Morning Report
December 6th Morning Report
December 5th Morning Report
December 2nd Morning Report
November 27th Morning Report
November 26th Morning Report
November 25th Morning Report
November 22th Morning Report
November 19th Morning Report
November 18th Morning Report