August 14th Morning Report

The US Market closed higher on Wednesday on hopes that the Federal Reserve was getting close to a monetary easing cycle. But the market reflected weakness in some technology stocks after the previous day's strong gains.

The Dow Jones Industrial Average up 1.04%, while the S&P 500 and Nasdaq Composite were up 0.32% and 0.14% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.19%), the Dax 30 (+0.67%), CAC 40 (+0.66%) and the STOXX (+0.98%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.30%), HSI (+2.58%) and the Shanghai Composite (+0.48%).

The yield on the US 10 - year note was at 4.236%, while the 2 - year note was at 3.679%. Oil was up to $62.59 per barrel, down 0.92%. The gold price was at US$3407.07 per ounce, up 0.24%. 

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