8th July 2021 Morning Report

US Shares rallied to record highs Wednesday, as investors took solace in the minutes from the latest Federal Reserve policy meeting, that indicated the central bank was in no hurry to raise rates. The bond market showed no signs of concern about inflation with the yield on the 10-year treasuries falling to 1.321%.

The Dow Jones Industrial Average closed 0.3%, higher while the S&P 500 and the Nasdaq Composite advanced 0.34% and 0.01%, respectively. Both the S&P 500 and the Nasdaq finished in record territory.

Overseas markets were mostly higher. European bourses were up with France’s CAC 0.31%, Britain’s FTSE 100 0.71% and Germany’s DAX 30 1.17% respectively.  

In Asia, China’s Shanghai Composite gained 0.67% while Hong Kong’s Hang Seng index and Japan’s Nikkei 225 declined 0.4% and 0.96%, respectively. 

West Texas Intermediate crude slipped $1.16 to $72.21 a barrel. Gold rose to $1,801.50 an ounce. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

February 25th Morning Report
February 19th Morning Report
February 18th Morning Report
February 14th Morning Report
February 13th Morning Report
February 12th Morning Report
February 11th Morning Report
February 5th Morning Report
January 22nd Morning Report
January 20th Morning Report