23rd July 2021 Morning Report

U.S.  share markets ticked higher on the back of a flurry of mostly better-than-expected earnings reports. The Dow Jones Industrial Average rose 0.07%, while the S&P 500 and the Nasdaq Composite advanced 0.2% and 0.36%, respectively. All three of the major averages closed within 0.5% of their respective record highs. 

Overseas markets were mostly higher. Germany’s DAX 30 and France’s CAC 40 rose 0.6% and 0.26%, respectively, after the European Central Bank said it would keep rates at record lows for longer in an effort to boost inflation. Britain’s FTSE 100 was down 0.43%.  

In Asia, Hong Kong’s Hang Seng index climbed 1.83% and China’s Shanghai Composite edged up 0.34%. Japan’s Nikkei 225 was closed for holiday.  

West Texas Intermediate crude oil rallied $1.61 to $71.91 a barrel and gold gained $2.10 to $1,805 an ounce.

Morning Report 23 July 2021

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