August 28th Morning Report

The US Market closed higher on Wednesday ahead of quarterly results from Nvidia, Wall Street's most closely watched event this week, which will test the rally that has pushed valuations of AI-related companies to levels that some investors view as too high.

The Dow Jones Industrial Average up 0.32%, while the S&P 500 and Nasdaq Composite were up 0.24% and 0.21% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.11%), the Dax 30 (-0.44%), CAC 40 (+0.44%) and the STOXX (+0.17%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.30%), HSI (-1.27%) and the Shanghai Composite (-1.76%).

The yield on the US 10 - year note was at 4.236%, while the 2 - year note was at 3.613%. Oil was up to $63.82 per barrel, up 0.90%. The gold price was at US$3450.55 per ounce, up 0.51%. 

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