October 11th Morning Report

US markets reversed earlier losses on Tuesday with the S&P 500 and the Nasdaq touching three-week highs as dovish comments from US Federal Reserve officials pushed Treasury yields lower. The Dow Jones Industrial Average closed up 0.41%, while the S&P 500 and Nasdaq Composite were up 0.60% and 0.72% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+1.82%), the Dax 30 (+1.95%), CAC 40 (+2.01%) and the STOXX (+2.25%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (+2.43%), HSI (+0.84%) and the Shanghai Composite (-0.70%).

The yield on the US 10 - year note was at 4.649%, while the 2 - year note was at 4.955%. Oil was down to $85.77 per barrel, down 0.71%. The gold price was at US$1873.40 per ounce, up 0.49%. 

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