Friday 7th July 2023 |
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US markets closed sharply lower on Thursday in a broad sell-off after data showing a strong labor market boosted bond yields and fanned fears the Federal Reserve will be aggressive in raising US interest rates. The Dow Jones Industrial Average closed down 1.07%, while the S&P 500 and Nasdaq Composite were down 0.79% and 0.82% respectively.
Other key markets ended lower. European stocks closed as follows: the FTSE100 (-2.17%), the Dax 30 (-2.57%), CAC 40 (-3.13%) and the STOXX (-2.93%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(-1.70%), HSI (-3.02%) and the Shanghai Composite (-0.54%).
The yield on the US 10 - year note was at 4.031%, while the 2 - year note was at 4.989%. Oil was up to $71.90 per barrel, up 0.15%. The gold price was at US$1916.50 per ounce, down 0.55%.
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