April 15th Morning Report

The US markets closed higher on Monday, with Apple giving the S&P 500 a strong boost as the White House exempted smartphones and computers from new tariffs.

Uncertainty over future tariffs kept investors cautious, however, as investors remain worried about how companies will manage supply chains as more developments are expected on the tariff front.

The Dow Jones Industrial Average up 0.78%, while the S&P 500 and Nasdaq Composite were up 0.79% and 0.64% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+2.14%), the Dax 30 (+2.85%), CAC 40 (+2.37%) and the STOXX (+2.59%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.18%), HSI (+2.40%) and the Shanghai Composite (+0.76%).

The yield on the US 10 - year note was at 4.378%, while the 2 - year note was at 3.849%. Oil was up to $61.74 per barrel, up 0.19%. The gold price was at US$3203.20 per ounce, down 0.64%. 

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