December 12th Morning Report

The US market closed higher on Wednesday as a rally in tech stocks boosted the Nasdaq above the 20,000-point milestone for the first time, after a US inflation report boosted expectations of a Federal Reserve interest rate cut. 

The Dow Jones Industrial Average closed down 0.08%, while the S&P 500 and Nasdaq Composite were up 0.89% and  1.81%.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.26%), the Dax 30 (+0.34%), CAC 40 (+0.39%) and the STOXX (+0.15%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.01%), HSI (-0.77%) and the Shanghai Composite (+0.29%).

The yield on the US 10 - year note was at 4.267%, while the 2 - year note was at 4.153%. Oil was up to $72.27 per barrel, up 2.68%. The gold price was at US$2789.80 per ounce, up 1.31%. 

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