11th August 2021 Morning Report

U.S. share markets climbed to record highs Tuesday as the $1 trillion infrastructure bill was passed by the Senate. Both the Dow and the S&P 500 closed at all-time highs as the Nasdaq ended just below its peak. The Dow Jones Industrial Average closed 0.46% higher, and the S&P 500 index advanced 0.1%, while the Nasdaq Composite fell 0.49%. 

Other overseas markets were broadly higher with Germany’s DAX 30 up 0.16% while France’s CAC 40 and Britain’s FTSE 100 closed 0.1% and 0.4% higher, respectively. Asian markets rallied across the board with Japan’s Nikkei 225 rising 0.24%, China’s Shanghai Composite up 1.01% and Hong Kong’s Hang Seng index increasing 1.23%. 

West Texas Intermediate crude oil jumped $1.81 to $68.29 a barrel and gold rose $5.40 to $1,731.90 an ounce. 

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