May 14th Morning Report

The US market closed higher on Wednesday with a boos from artificial intelligence-related tech shares, which helped markets look past hotter-than-expected inflation data and the growing probability that the Federal Reserve will hold to its restrictive monetary policy for the foreseeable future. 

The Dow Jones Industrial Average down 0.14%, while the S&P 500 and Nasdaq Composite were up 0.58% and 1.20% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (+0.58%), the Dax 30 (+0.76%), CAC 40 (+0.35%) and the STOXX (+0.91%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.84%), HSI (+0.15%) and the Shanghai Composite (+0.67%).

The yield on the US 10 - year note was at 4.467%, while the 2 - year note was at 3.977%. Oil was up to $100.96 per barrel, down 1.19%. The gold price was at US$4697.10 per ounce, up 0.22%. 

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