July 10th Morning Report

The US market closed higher on Wednesday after Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this year and the tech-heavy Nasdaq led gains as Nvidia briefly reached a $4 trillion valuation.

The Dow Jones Industrial Average up 0.45%, while the S&P 500 and Nasdaq Composite were up 0.54% and 0.86% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.15%), the Dax 30 (+1.42%), CAC 40 (+1.44%) and the STOXX (+1.37%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.33%), HSI (-1.06%) and the Shanghai Composite (-0.13%).

The yield on the US 10 - year note was at 4.336%, while the 2 - year note was at 3.851%. Oil was up to $68.28 per barrel, down 0.07%. The gold price was at US$3321.42 per ounce, up 0.14%. 

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