January 8th Morning Report

The US markets rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopot a less aggressive tariff stance than expected. 

The Dow Jones Industrial Average closed down 0.15%, while the S&P 500 and Nasdaq Composite were up 0.45% and 1.04%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.05%), the Dax 30 (+0.62%), CAC 40 (+0.59%) and the STOXX (+0.50%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.97%), HSI (-1.22%) and the Shanghai Composite (-0.14%).

The yield on the US 10 - year note was at 4.689%, while the 2 - year note was at 4.295%. Oil was up to $74.98 per barrel, up 0.54%. The gold price was at US$2672.20 per ounce, up 0.97%. 

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