July 3rd Morning Report

US markets closed higher on Friday as US stocks rally is cruising into a month that has proven strong in recent years, though equities must navigate employment data and an earnings season that could be precarious, with the Federal Reserve bent on raising US interest rates. The Dow Jones Industrial Average closed up 0.84%, while the S&P 500 and Nasdaq Composite were up 1.23% and 1.45% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.80%), the Dax 30 (+1.26%), CAC 40 (+1.19%) and the STOXX (+1.02%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.14%), HSI (-0.09%) and the Shanghai Composite (+0.62%).

The yield on the US 10 - year note was at 3.841%, while the 2 - year note was at 4.904%. Oil was up to $70.45 per barrel, down 0.27%. The gold price was at US$1927.80 per ounce, down 0.08%. 

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