February 5th Morning Report

US markets ended sharply higher on Friday and the S&P registered an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy, even while lowering the likelihood that the Federal Reserve will cut interest rates any time soon. The Dow Jones Industrial Average closed up 0.35%, while the S&P 500 and Nasdaq Composite were up 1.07% and 1.74% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (-0.09%), the Dax 30 (+0.35%), CAC 40 (+0.05%) and the STOXX (+0.34%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.41%), HSI (-0.21%) and the Shanghai Composite (-1.46%).

The yield on the US 10 - year note was at 4.024%, while the 2 - year note was at 4.372%. Oil was up to $72.41 per barrel, up 0.18%. The gold price was at US$2057.10 per ounce, up 0.17%. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

September 8th Morning Report
September 5th Morning Report
September 4th Morning Report
September 3rd Morning Report
September 1st Morning Report
August 29th Morning Report
August 28th Morning Report
August 27th Morning Report
August 26th Morning Report
August 25th Morning Report