December 11th Morning Report

US markets closed higher on Friday with the S&P 500 and Nasdaq notching their highest closing levels since early 2022 after a robust US jobs report fueled investor optimism about a soft landing for the economy. The Dow Jones Industrial Average closed up 0.36%, while the S&P 500 and Nasdaq Composite were up 0.41% and up 0.45% respectively. 

Other key markets ended lower. European stocks closed as follows: the FTSE100 (+0.54%), the Dax 30 (+0.78%), CAC 40 (+1.32%) and the STOXX (+1.11%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (-1.68%), HSI (-0.07%) and the Shanghai Composite (+0.11%).

The yield on the US 10 - year note was at 4.229%, while the 2 - year note was at 4.723%. Oil was up to $71.26 per barrel, up 2.77%. The gold price was at US$2020.80 per ounce, down 1.25%. 

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