December 6th Morning Report

US markets closed lower on Monday as investors fretted that better-than-expected service-sector activity could point to the Federal Reserve hiking interest rates for longer, while shares of Tesla slid on reports of a production cut in China. The Dow Jones Industrial Average closed down 1.53%, while the S&P 500 and Nasdaq Composite were down 1.98% and 2.19% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.15%), the Dax 30 (-0.56), CAC 40 (-0.67%) and the STOXX (-0.54%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.15%), HSI (+4.51%) and the Shanghai Composite (+1.76%).

The yield on the US 10 - year note was at 3.607%, while the 2 - year note was at 4.414%. Oil was up to $77.2 per barrel, down 3.48%. The gold price was at US$1778.80 per ounce, down 1.70%. 

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