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April 6th Morning Report

Thursday 6th April 2023

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US markets closed sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip the US economy into a recession. The Dow Jones Industrial Average closed up 0.24%, while the S&P 500 and Nasdaq Composite were down 0.25% and down 1.07% respectively. 

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.37%), the Dax 30 (-0.53%), CAC 40 -0.39%) and the STOXX (-0.39%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.68%), HSI (-0.66%) and the Shanghai Composite (+0.49%).

The yield on the US 10 - year note was at 3.309%, while the 2 - year note was at 3.792%. Oil was up to $80.35 per barrel, down 0.45%. The gold price was at US$2037.10 per ounce, down 0.05%. 

Morning Report 6 April 2023

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