July 1st Morning Report

Monday 1st July 2024

US markets closed higher on Friday after an early rally fizzled as investors digested in-line inflation data and weighed political uncertainty after the US presidential debate. The Dow Jones Industrial Average closed up 0.04%, while the S&P 500 and Nasdaq Composite were up 0.16% and 0.49% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.19%), the Dax 30 (+0.14%), CAC 40 (-0.68%) and the STOXX (-0.18%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.61%), HSI (+0.01%) and the Shanghai Composite (+0.73%).

The yield on the US 10 - year note was at 4.392%, while the 2 - year note was at 4.749%. Oil was up to $81.46 per barrel, down 0.10%. The gold price was at US$2336.90 per ounce, down 0.12%.