March 4th Morning Report

The US markets closed lower on Monday after data showed that new orders at US factories fell in February, while investors awaited detials on tariffs on top trading partners that are expected to kick in at the end of the day.

The Dow Jones Industrial Average down 1.39%, while the S&P 500 and Nasdaq Composite were down 1.31% and 1.86% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.70%), the Dax 30 (+2.64%), CAC 40 (+1.09%) and the STOXX (+1.41%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.70%), HSI (+0.28%) and the Shanghai Composite (-0.12%).

The yield on the US 10 - year note was at 4.17%, while the 2 - year note was at 3.974%. Oil was up to $66.36 per barrel, down 2.50%. The gold price was at US$2946.70 per ounce, up 1.69%. 

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