February 13th Morning Report

The US market closed higher on Thursday on a renewed selloff in software and technology shares, while strong labor market data tempered expectations for a central bank rate cut.

The Dow Jones Industrial Average down 1.05%, while the S&P 500 and Nasdaq Composite were down 1.31% and 1.87% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (-0.67%), the Dax 30 (-0.01%), CAC 40 (+0.33%) and the STOXX (-0.40%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.02%), HSI (-0.86%) and the Shanghai Composite (+0.049%).

The yield on the US 10 - year note was at 4.104%, while the 2 - year note was at 3.464%. Oil was up to $64.86 per barrel, up 1.41%. The gold price was at US$5107.91 per ounce, up 1.53%. 

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