May 2nd Morning Report

US markets closed slightly lower on Monday as investors took in the weekend auction of First Republic Bank (FRC.N) and braced for another expected interest rate hike from the Federal Reserve this week. The Dow Jones Industrial Average closed down 0.14%, while the S&P 500 and Nasdaq Composite were down 0.04% and down 0.11% respectively. 

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.50%), the Dax 30 (+0.77%), CAC 40 (+0.10%) and the STOXX (+0.03%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.92%), HSI (+0.27%) and the Shanghai Composite (+1.14%).

The yield on the US 10 - year note was at 3.57%, while the 2 - year note was at 4.141%. Oil was up to $75.70 per barrel, down 1.41%. The gold price was at US$1990.60 per ounce, up 0.43%. 

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