7th July 2022 Morning Report

US markets closed higher on Wednesday with a deteriorating inflation situation and concern about lost faith in the Federal Reserve's power to make it better prompted US central bank officials to rally around an outsized interest rate increase and a firm restatement of their intent to get prices under control. The Dow Jones Industrial Average closed up 0.23%, while the S&P 500 and Nasdaq Composite were up 0.36% and 0.35% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.17%), the Dax 30 (+1.56%), CAC 40 (+2.03%) and the STOXX (+1.85%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.20%), HSI (-1.22%) and the Shanghai Composite (-1.43%).

The yield on the US 10 - year note was at 2.934%, while the 2 - year note was at 2.996%. Oil was up to $99.67 per barrel, down 3.00%. The gold price was at US$1739.42 per ounce, down 1.44%. 

Morning Report 7 July 2022

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

May 9th Morning Report
May 8th Morning Report
May 7th Morning Report
May 5th Morning Report
May 2nd Morning Report
May 1st Morning Report
April 30th Morning Report
April 29th Morning Report
April 28th Morning Report
April 24th Morning Report