April 8th Morning Report

The US markets closed lower on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation as US President Donald Trump dug in his heels on tariffs, warning he could further increase levies on China.

The Dow Jones Industrial Average down 0.91%, while the S&P 500 and Nasdaq Composite were down 0.23% and up 0.10% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-4.83%), the Dax 30 (-4.13%), CAC 40 (-4.78%) and the STOXX (-4.55%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-7.83%), HSI (-13.22%) and the Shanghai Composite (-7.34%).

The yield on the US 10 - year note was at 4.203%, while the 2 - year note was at 3.644%. Oil was up to $59.95 per barrel, down 1.67%. The gold price was at US$2964.40 per ounce, down 1.18%. 

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