July 25th Morning Report

US markets closed higher on Friday as disappointing earnings from Snap spooked investors and shares in social media and ad tech firms dropped, offsetting gains from card issuer American Express following an upbeat forecast. The Dow Jones Industrial Average closed down 0.43%, while the S&P 500 and Nasdaq Composite were down 0.93% and 1.87% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.08%), the Dax 30 (+0.05%), CAC 40 (+0.25%) and the STOXX (-0.00%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.40%), HSI (+0.17%) and the Shanghai Composite (-0.062%).

The yield on the US 10 - year note was at 2.754%, while the 2 - year note was at 2.972%. Oil was down to $95.09 per barrel, up 0.41%. The gold price was at US$1725.10 per ounce, down 0.12%. 

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