6th September 2021 Morning Report

U.S. stock markets closed mixed Friday, with the Nasdaq closing at an all-time high, while the Dow Jones Industrial Average declined 0.21%, and the S&P 500 index 0.03% respectively after the August jobs report fell short of estimates. The 10-year yield reacted to the jobs report by rising 3 basis points to 1.32%, steepening the yield curve slightly. Shares were mixed with Apple closing at an all - time high while Facebook and Alphabet Inc. finished just below their own peaks. Banks also closed mixed.

Other key overseas markets were mostly lower, with Britain’s FTSE 100 slipping 0.46%, Germany's DAX 30 dropping 0.37% and France’s CAC 40 sliding 1.08%, while Japan’s Nikkei 225 surged 2.05% after Prime Minister Yoshihide Suga said he would not run in his party’s leadership election. Hong Kong’s Hang Seng index fell 0.762%, China’s Shanghai Composite declined 0.43%. 

West Texas Intermediate crude oil lost 70 cents to $69.29 a barrel and gold climbed $24.90 to $1,833.60 an ounce.

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