August 5th Morning Report

The US Market closed higher on Monday, as investors sought bargains after the previous session's selloff and increased bets for a September rate cut in the wake of Friday's weaker-than-expected jobs data.

The Dow Jones Industrial Average up 1.34%, while the S&P 500 and Nasdaq Composite were up 1.47% and 1.95% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.66%), the Dax 30 (+1.42%), CAC 40 (+1.14%) and the STOXX (+1.49%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-1.25%), HSI (+0.92%) and the Shanghai Composite (+0.66%).

The yield on the US 10 - year note was at 4.194%, while the 2 - year note was at 3.677%. Oil was up to $66.24 per barrel, down 1.62%. The gold price was at US$3428.45 per ounce, up 0.84%. 

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