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April 8th Morning Report

Monday 8th April 2024

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US markets closed higher on Friday after a strong jobs report reinforced the view that the economy remains healthy even as it suggested the Federal Reserve could delay cutting interest rates. The Dow Jones Industrial Average closed down 1.29%, while the S&P 500 and Nasdaq Composite were down 1.09% and up 1.12% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.81%), the Dax 30 (-1.24%), CAC 40 (-1.11%) and the STOXX (-1.10%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.96%), HSI (-0.01%) and the Shanghai Composite (-0.18%).

The yield on the US 10 - year note was at 4.311%, while the 2 - year note was at 4.647%. Oil was up to $86.73 per barrel, down 0.21%. The gold price was at US$2315.30 per ounce, up 0.01%. 

Morning Report 8 April 2024

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