January 6th Morning Report

Monday 6th January 2025

The US markets rebounded on Friday as investors neared the end of a holiday-shortened week that also rang in a new year, which brought with it expectations of additional Federal Reserve rate cuts and looser regulatory policies from the incoming administration.

The Dow Jones Industrial Average closed up 0.80%, while the S&P 500 and Nasdaq Composite were up 1.26% and 1.77%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.44%), the Dax 30 (-0.59%), CAC 40 (-1.51%) and the STOXX (-0.94%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.96%), HSI (+0.70%) and the Shanghai Composite (-1.57%).

The yield on the US 10 - year note was at 4.602%, while the 2 - year note was at 4.283%. Oil was up to $74.18 per barrel, up 0.15%. The gold price was at US$2650.70 per ounce, down 0.08%.

January 6th Morning Report

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