February 14th Morning Report

The US markets closed higher on Thursday, with gains in Nvidia, Apple and Tesla, after the latest producer prices data fueled expectations of subdued inflation.

US producer prices increased in January, but key elements in the core Personal Consumption Expenditures index, a measure closely trached by the US Federal Reserve, were benign or lower.

The Dow Jones Industrial Average up 0.75%, while the S&P 500 and Nasdaq Composite were up 0.90% and up 1.27% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.49%), the Dax 30 (+2.09%), CAC 40 (+1.52%) and the STOXX (+1.75%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.28%), HSI (-0.20%) and the Shanghai Composite (-0.42%).

The yield on the US 10 - year note was at 4.529%, while the 2 - year note was at 4.309%. Oil was up to $71.27 per barrel, down 0.07%. The gold price was at US$2979.70 per ounce, up 0.86%. 

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