Thursday 21st March 2024 |
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US markets closed higher on Wednesday after the Federa Reserve said it was keeping borrowing costs unchanged and indicated that it still expects to cut rates by three-quarters of a percentage point by the end of 2024. The Dow Jones Industrial Average closed up 0.37%, while the S&P 500 and Nasdaq Composite were up 0.83% and up 1.13% respectively.
Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.01%), the Dax 30 (+0.15%), CAC 40 (-0.48%) and the STOXX (-0.15%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.66%), HSI (+0.08%) and the Shanghai Composite (+0.55%).
The yield on the US 10 - year note was at 4.285%, while the 2 - year note was at 4.617%. Oil was up to $81.84 per barrel, down 1.95%. The gold price was at US$2186.50 per ounce, up 1.24%.
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