August 10th Morning Report

US markets closed lower on Wednesday, the day after a report showed Americans borrowed more than ever on their credit cards in the last quarter, and a day ahead of US Consumer Price Index (CPI) inflation data that could influence Federal Reserve interest rate decisions. The Dow Jones Industrial Average closed up 0.54%, while the S&P 500 and Nasdaq Composite were up 0.70% and up 1.17% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.80%), the Dax 30 (+0.49%), CAC 40 (+0.72%) and the STOXX (+0.66%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(-0.53%), HSI (+0.32%) and the Shanghai Composite (-0.49%).

The yield on the US 10 - year note was at 4.016%, while the 2 - year note was at 4.81%. Oil was up to $84.22 per barrel, up 1.57%. The gold price was at US$1947.80 per ounce, down 0.62%. 

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