8th July 2022 Morning Report

US markets closed higher on Thursday as traders leaned in to US equities after the Federal Reserve hinted at a more tempered program of interest rate hikes. The Dow Jones Industrial Average closed up 0.23%, while the S&P 500 and Nasdaq Composite were up 0.36% and 0.35% respectively. 

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+1.14%), the Dax 30 (+1.97%), CAC 40 (+1.60%) and the STOXX (+1.95%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+1.47%), HSI (+0.26%) and the Shanghai Composite (+0.27%).

The yield on the US 10 - year note was at 3.002%, while the 2 - year note was at 3.022%. Oil was up to $104.2 per barrel, up 3.46%. The gold price was at US$1740.04 per ounce, down 1.41%. 

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