May 11th Morning Report

US markets closed mixed on Wednesday with Nasdaq ended higher, boosted by a slightly lower-than-expected increase in April inflation and Alphabet Inc's latest artificial intelligence rollout. The Dow Jones Industrial Average closed up 0.09%, while the S&P 500 and Nasdaq Composite were up 0.45% and up 1.04% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.29%), the Dax 30 (-0.37%), CAC 40 (-0.49%) and the STOXX (-0.38%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.41%), HSI (-0.53%) and the Shanghai Composite (-1.15%).

The yield on the US 10 - year note was at 3.439%, while the 2 - year note was at 3.91%. Oil was up to $72.77 per barrel, down 1.28%. The gold price was at US$2037.80 per ounce, down 0.25%. 

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