June 25th Morning Report

The US market rallied on Tuesday as investors welcomed a fragile truce with Israel and Iran while parsing Federal Reserve Chair Jerome Powell's congressional testimony for clues regarding the US central bank's path forward.

The Dow Jones Industrial Average up 1.19%, while the S&P 500 and Nasdaq Composite were up 1.11% and 1.43% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.01%), the Dax 30 (+1.60%), CAC 40 (+1.04%) and the STOXX (+1.44%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.14%), HSI (+2.06%) and the Shanghai Composite (+1.15%).

The yield on the US 10 - year note was at 4.296%, while the 2 - year note was at 3.821%. Oil was up to $64.99 per barrel, down 5.14%. The gold price was at US$3338.45 per ounce, down 1.67%. 

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