September 10th Morning Report

Tuesday 10th September 2024

US markets ended higher on Monday, as investors looked for bargains after the previous week's sell-off while they also waited for inflation reports in coming days and the Federal Reserve's next policy decision next week.

The Dow Jones Industrial Average closed up 1.20%, while the S&P 500 and Nasdaq Composite were both up 1.16%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.09%), the Dax 30 (+0.77%), CAC 40 (+0.99%) and the STOXX (+0.86%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.48%), HSI (-1.42%) and the Shanghai Composite (-1.06%).

The yield on the US 10 - year note was at 3.702%, while the 2 - year note was at 3.671%. Oil was up to $76.07 per barrel, up 1.12%. The gold price was at US$246.80 per ounce, up 1.41%.