June 27th Morning Report

The US market closed higher on Thursday, nudging the S&P 500 and the Nasdaq nearer to record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the US Federal Reserve lowering borrowing costs this year.

The Dow Jones Industrial Average up 0.94%, while the S&P 500 and Nasdaq Composite were up 0.80% and 0.97% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.19%), the Dax 30 (+0.64%), CAC 40 (-0.01%) and the STOXX (-0.15%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.65%), HSI (-0.61%) and the Shanghai Composite (-0.22%).

The yield on the US 10 - year note was at 4.246%, while the 2 - year note was at 3.719%. Oil was up to $65.22 per barrel, up 0.46%. The gold price was at US$3341.50 per ounce, down 0.05%. 

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