April 11th Morning Report

The US markets closed lower on Thursday on mounting worries over the economic impact of US President Donald Trump's multi-front tariff war.

All three major US stock indexes suffered steep losses, forfeiting much of the previous session's gains as growing concerns over the escalating Washington-Beijing trade face-off dampened optimism over upbeat economic data and US Europe trade negotiations.

The Dow Jones Industrial Average down 2.50%, while the S&P 500 and Nasdaq Composite were down 3.46% and 4.31% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+3.04%), the Dax 30 (+4.53%), CAC 40 (+3.83%) and the STOXX (+4.26%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+9.13%), HSI (+2.06%) and the Shanghai Composite (+1.16%).

The yield on the US 10 - year note was at 4.425%, while the 2 - year note was at 3.862%. Oil was up to $57.99 per barrel, down 3.62%. The gold price was at US$3300.00 per ounce, up 3.46%. 

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