August 4th Morning Report

The US Market slumped on Friday, and the S&P suffered its biggest daily percentage decline in more than two months as new US tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure.

The Dow Jones Industrial Average down 1.23%, while the S&P 500 and Nasdaq Composite were down 1.60% and 2.24% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.70%), the Dax 30 (-2.66%), CAC 40 (-2.91%) and the STOXX (-4.22%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.66%), HSI (-1.07%) and the Shanghai Composite (-0.37%).

The yield on the US 10 - year note was at 4.216%, while the 2 - year note was at 3.68%. Oil was up to $67.33 per barrel, down 2.79%. The gold price was at US$3413.80 per ounce, up 1.52%. 

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