April 10th Morning Report

The US markets closed sharply higher on Wednesday after US President Donald Trump declared a 90-day tariff pause for many countries, effective immediately, bringing some relief to investors worried about the global economic impact of US trade policies.

The Dow Jones Industrial Average up 7.87%, while the S&P 500 and Nasdaq Composite were up 9.52% and 12.16% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (-2.92%), the Dax 30 (-3.00%), CAC 40 (-3.34%) and the STOXX (-3.17%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-3.93%), HSI (+0.68%) and the Shanghai Composite (+1.31%).

The yield on the US 10 - year note was at 4.351%, while the 2 - year note was at 3.931%. Oil was up to $65.74 per barrel, up 4.92%. The gold price was at US$3212.40 per ounce, up 3.58%. 

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