August 11th Morning Report

US markets closed lower on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the US economy's longer-term prospects and whether stocks had further room to run. The Dow Jones Industrial Average closed up 0.15%, while the S&P 500 and Nasdaq Composite were up 0.03% and up 0.12% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.41%), the Dax 30 (+0.15%), CAC 40 (+1.52%) and the STOXX (+1.55%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225(+0.84%), HSI (+0.01%) and the Shanghai Composite (+0.31%).

The yield on the US 10 - year note was at 4.107%, while the 2 - year note was at 4.85%. Oil was up to $82.85 per barrel, down 1.84%. The gold price was at US$1944.80 per ounce, down 0.30%. 

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