July 1st Morning Report

The US market closed higher on Monday, capping their best quarter in over a year as hopes for trade deals and possible rate cuts eased investor uncertainty. Both indexes ended the quarter with double-digit gains

The Dow Jones Industrial Average up 0.63%, while the S&P 500 and Nasdaq Composite were up 0.52% and 0.48% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.43%), the Dax 30 (-0.51%), CAC 40 (-0.33%) and the STOXX (-0.42%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.84%), HSI (-0.87%) and the Shanghai Composite (+0.59%).

The yield on the US 10 - year note was at 4.232%, while the 2 - year note was at 3.721%. Oil was up to $65.00 per barrel, down 0.79%. The gold price was at US$3316.25 per ounce, up 0.87%. 

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