January 13th Morning Report

The US markets sank on Friday, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears, reinforcing bets that the Federal Reserve will be cautious in cutting interest rates this year. 

The Dow Jones Industrial Average closed down 1.63%, while the S&P 500 and Nasdaq Composite were down 1.54% and down 1.63%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.86%), the Dax 30 (-0.50%), CAC 40 (-0.79%) and the STOXX (-0.81%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-1.05%), HSI (-0.92%) and the Shanghai Composite (-1.33%).

The yield on the US 10 - year note was at 4.763%, while the 2 - year note was at 4.383%. Oil was up to $79.22 per barrel, up 3.46%. The gold price was at US$2719.80 per ounce, up 0.09%. 

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