January 17th Morning Report

The US markets fell on Thursday after a surge in the previous session, helped by a batch of bumper earnings from major banks, while investors assessed data to gauge the outlook for interest rate cuts this year. 

The Dow Jones Industrial Average closed down 0.13%, while the S&P 500 and Nasdaq Composite were down 0.04% and down 0.40%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.09%), the Dax 30 (+0.39%), CAC 40 (+2.14%) and the STOXX (+1.48%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.33%), HSI (+1.23%) and the Shanghai Composite (+0.28%).

The yield on the US 10 - year note was at 4.606%, while the 2 - year note was at 4.238%. Oil was up to $77.54 per barrel, down 1.56%. The gold price was at US$2779.60 per ounce, up 1.14%. 

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