May 8th Morning Report

US markets closed sharply higher on Friday with shares of Applie Inc rallying after upbeat results, while US jobs data pointed to a resilient labor market. The Dow Jones Industrial Average closed up 1.65%, while the S&P 500 and Nasdaq Composite were up 1.85% and up 2.25% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.98%), the Dax 30 (+1.44%), CAC 40 (+1.26%) and the STOXX (+1.26%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.12%), HSI (+0.50%) and the Shanghai Composite (-0.48%).

The yield on the US 10 - year note was at 3.435%, while the 2 - year note was at 3.918%. Oil was up to $71.32 per barrel, down 0.03%. The gold price was at US$2024.90 per ounce, up 0.00%. 

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