February 24th Morning Report

The US market closed lower on Monday, led by losses in software and financial shares, as markets were once again plunged into the fog of tariff uncertainty following Friday's Supreme Court rulling against US President Donald Trump's sweeping levies on imported goods, which prompted a fresh round of trade threats from the president.

The Dow Jones Industrial Average down 1.68%, while the S&P 500 and Nasdaq Composite were down 1.17% and 1.29% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (-0.02%), the Dax 30 (-1.06%), CAC 40 (-0.22%) and the STOXX (-0.28%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-1.11%), HSI (+2.53%) and the Shanghai Composite (-1.26%).

The yield on the US 10 - year note was at 4.027%, while the 2 - year note was at 3.438%. Oil was up to $66.28 per barrel, down 0.30%. The gold price was at US$5235.71 per ounce, up 3.05%. 

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