11th July 2022 Morning Report

Monday 11th July 2022

US markets closed flat on Friday as Treasury yields jumped following a stronger-than-expected US jobs report, which suggested the Federal Reserve may push further interest rate hikes to cool the economy and slow inflation. The Dow Jones Industrial Average closed up 1.12%, while the S&P 500 and Nasdaq Composite were up 2.28% and 1.50% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.14%), the Dax 30 (+1.34%), CAC 40 (+0.44%) and the STOXX (+0.52%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.47%), HSI (+0.26%) and the Shanghai Composite (-0.25%).

The yield on the US 10 - year note was at 3.08%, while the 2 - year note was at 3.105%. Oil was up to $107.0 per barrel, up 2.26%. The gold price was at US$1742.35 per ounce, down 1.28%.

Morning Report 11 July 2022

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