January 20th Morning Report

The US markets rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration. 

The Dow Jones Industrial Average closed up 0.78%, while the S&P 500 and Nasdaq Composite were up 1.00% and 1.51%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.35%), the Dax 30 (+1.2%), CAC 40 (+0.98%) and the STOXX (+0.81%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.31%), HSI (+0.31%) and the Shanghai Composite (+0.18%).

The yield on the US 10 - year note was at 4.623%, while the 2 - year note was at 4.283%. Oil was up to $77.40 per barrel, down 0.81%. The gold price was at US$2729.10 per ounce, up 0.40%. 

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