June 14th Morning Report

US markets closed up on Tuesday to their highest closing levels after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates at the end of its policy meeting on Wednesday. The Dow Jones Industrial Average closed up 0.43%, while the S&P 500 and Nasdaq Composite were up 0.69% and 0.83% respectively. 

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.32%), the Dax 30 (+0.83%), CAC 40 (+0.56%) and the STOXX (+0.72%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.80%), HSI (+0.60%) and the Shanghai Composite (+0.15%).

The yield on the US 10 - year note was at 3.827%, while the 2 - year note was at 4.677%. Oil was up to $69.28 per barrel, up 3.22%. The gold price was at US$1956.90 per ounce, down 0.65%. 

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