2nd November 2021 Morning Report

U.S. stocks markets rallied on Monday with the major indices all up at records highs. The Dow Jones Industrial Average was up 0.15%, while the S&P 500 index and the Nasdaq Composite index rose 0.07% and 0.43%, respectively. 

Other key overseas markets were mixed with Britain’s FTSE 100 up 0.88%, Germany’s DAX 30 rising 0.8% and France’s CAC 40 gaining 1.03%. Japan’s Nikkei 225 jumped 2.61% after the ruling party maintained its majority in Sunday’s parliamentary election. The Hong Kong’s Hang Seng fell 0.88% and China’s Shanghai Composite declined 0.08%. 

West Texas Intermediate crude oil jumped eighty cents to $84.37 a barrel and gold rose $9.90 to $1,793.80 an ounce. The 10 - year US bond yield fell to 1.563%.

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