December 5th Morning Report

US markets closed lower mostly on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation. The Dow Jones Industrial Average closed up 0.10%, while the S&P 500 and Nasdaq Composite were down 0.12% and 0.18% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.03%), the Dax 30 (+0.27), CAC 40 (-0.17%) and the STOXX (-0.17%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.59%), HSI (-0.33%) and the Shanghai Composite (-0.29%).

The yield on the US 10 - year note was at 3.492%, while the 2 - year note was at 4.284%. Oil was up to $80.3 per barrel, up 1.09%. The gold price was at US$1797.30 per ounce, down 0.21%. 

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