March 11th Morning Report

US markets closed lower on Friday after touching record highs during the session, with high-flying chip stocks going into reverse and a mixed labor market report that showed more new jobs than expected with a rising unemployment rate. The Dow Jones Industrial Average closed up 0.33%, while the S&P 500 and Nasdaq Composite were up 1.07% and up 1.65% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.43%), the Dax 30 (-0.16%), CAC 40 (+0.15%) and the STOXX (-0.26%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.23%), HSI (+0.76%) and the Shanghai Composite (+0.61%).

The yield on the US 10 - year note was at 4.077%, while the 2 - year note was at 4.478%. Oil was up to $77.85 per barrel, down 0.21%. The gold price was at US$2186.20 per ounce, up 0.03%. 

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