March 10th Morning Report

The US market closed lower on Monday as crude prices touched multiyear highs, giving rise to heightened inflation fears.

All three major US equity indexes tumbled more than 1% in early trading, but pared losses as they struggled to regain their footing in the wake of the previous week's steep losses.

The Dow Jones Industrial Average up 0.77%, while the S&P 500 and Nasdaq Composite were up 0.91% and 1.48% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (-0.34%), the Dax 30 (-0.77%), CAC 40 (-0.98%) and the STOXX (-0.61%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-5.20%), HSI (-1.35%) and the Shanghai Composite (-0.67%).

The yield on the US 10 - year note was at 4.105%, while the 2 - year note was at 3.557%. Oil was up to $86.07 per barrel, down 5.31%. The gold price was at US$5145.09 per ounce, down 0.26%. 

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