January 11th Morning Report

US markets closed higher on Tuesday as Federal Reserve Chair Jerome Powell steered clear of commenting on the monetary policy outlook, with focus turning to an upcoming inflation reading scheduled for later this week. The Dow Jones Industrial Average closed up 0.30%, while the S&P 500 and Nasdaq Composite were up 0.44% and 0.70% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (-0.39%), the Dax 30 (-0.12), CAC 40 (-0.55%) and the STOXX (-0.27%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.78%), HSI (-0.27%) and the Shanghai Composite (-0.21%).

The yield on the US 10 - year note was at 3.621%, while the 2 - year note was at 4.258%. Oil was up to $75.15 per barrel, up 0.70%. The gold price was at US$1881.10 per ounce, up 0.18%. 

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