March 10th Morning Report

The US markets closed higher on Friday, after Federal Reserve Chair Jerome Powell said The economy was "in a good place", but uncertainty about US trade policy led to Wall Street's biggest weekly decline in months.

The Dow Jones Industrial Average down 0.99%, while the S&P 500 and Nasdaq Composite were down 1.66% and 2.36% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.03%), the Dax 30 (-1.75%), CAC 40 (-0.94%) and the STOXX (-0.94%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-2.17%), HSI (-0.57%) and the Shanghai Composite (-0.25%).

The yield on the US 10 - year note was at 4.305%, while the 2 - year note was at 4.00%. Oil was up to $67.06 per barrel, up 0.01%. The gold price was at US$2921.30 per ounce, down 0.12%. 

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