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19th July 2021 Morning Report

Monday 19th July 2021

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U.S. equity markets closed lower as concerns mounted over an increase in COVID-19 cases across the US and rising inflation concerns. The Dow Jones Industrial Average fell 300 points or 0.86%, while the S&P 500 index and the Nasdaq Composite index slipped 0.76% and 0.8%, respectively. In the Treasury market, the 10-year note was little changed near 1.33%. Interest rate-sensitive sectors lagged after early outperformance. Banks stocks lower amid concerns over the economy.

Other overseas markets were mostly weaker. European exchanges closed lower with France’s CAC lower by 0.51%, Germany’s DAX 30 slipping 0.57% and Britain’s FTSE 100 down 0.06%. 

In Asia, Hong Kong’s Hang Seng index rose 0.03% while China’s Shanghai Composite and Japan’s Nikkei 225 declined 0.71% and 0.98%, respectively. 

In commodities, West Texas Intermediate crude oil added 16 cents to $71.81 a barrel and gold fell $13.90 to $1,814.50 an ounce.  

Morning Report 19 July 2021

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