April 24th Morning Report

The US markets advanced on Wednesday on revived hopes for progress in the US-China trade dipute and as President Donald Trump soothed fears the Federal Reserve could lose its autonomy with reassurances that he has "no intention of firing" Fed Chair Jerome Powell.

The Dow Jones Industrial Average up 1.07%, while the S&P 500 and Nasdaq Composite were up 1.67% and 2.50% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.90%), the Dax 30 (+3.14%), CAC 40 (+2.13%) and the STOXX (+2.77%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.89%), HSI (+2.37%) and the Shanghai Composite (+0.25%).

The yield on the US 10 - year note was at 4.385%, while the 2 - year note was at 3.869%. Oil was up to $63.67 per barrel, down 1.98%. The gold price was at US$3301.55 per ounce, down 3.45%. 

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