March 14th Morning Report

The US markets resumed its slide on Thursday as cool inflation data was overshadowed by fears that the escalating, hydra-headed tariff war being waged by the United States against its biggest trading partner could reignite inflation and tip the economy into recession.

The Dow Jones Industrial Average down 1.34%, while the S&P 500 and Nasdaq Composite were down 1.50% and  2.01% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (+0.02%), the Dax 30 (-0.48%), CAC 40 (-0.48%) and the STOXX (-0.58%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.08%), HSI (-0.58%) and the Shanghai Composite (-0.39%).

The yield on the US 10 - year note was at 4.27%, while the 2 - year note was at 3.957%. Oil was up to $65.56 per barrel, down 1.59%. The gold price was at US$3051.80 per ounce, up 1.75%. 

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