September 5th Morning Report

The US Market closed higher on Thursday as labor market data did not change expectations for an interest rate cut by the Federal Reserve, a day ahead of the key US monthly jobs report.

The Dow Jones Industrial Average up 0.77%, while the S&P 500 and Nasdaq Composite were up 0.83% and 0.98% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.42%), the Dax 30 (+0.74%), CAC 40 (-0.27%) and the STOXX (+0.41%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.53%), HSI (-1.12%) and the Shanghai Composite (-1.25%).

The yield on the US 10 - year note was at 4.161%, while the 2 - year note was at 3.59%. Oil was up to $63.33 per barrel, down 1.00%. The gold price was at US$3602.30 per ounce, down 0.91%. 

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