August 31st Morning Report

US markets closed higher on Wednesday as fresh economic data signaled a cooling US economy, reinforcing expectations the Federal Reserve will pause rate hikes in September. The Dow Jones Industrial Average closed up 0.11%, while the S&P 500 and Nasdaq Composite were up 0.54% and up 0.38% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.12%), the Dax 30 (-0.24%), CAC 40 (-0.12%) and the STOXX (-0.26%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(+0.33%), HSI (-0.01%) and the Shanghai Composite (+0.04%).

The yield on the US 10 - year note was at 4.112%, while the 2 - year note was at 4.882%. Oil was up to $81.71 per barrel, up 0.68%. The gold price was at US$1970.60 per ounce, up 0.28%. 

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