August 26th Morning Report

The US Market closed lower on Monday, as investors parsed the outlook for US interest rates and looked ahead to AI chipmaker Nvidia's quarterly earnings this week while digesting a rally Friday that lifted the Dow Jones Industrial Average to a record high close.

The Dow Jones Industrial Average down 0.77%, while the S&P 500 and Nasdaq Composite were down 0.43% and 0.22% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.13%), the Dax 30 (-0.37%), CAC 40 (-1.59%) and the STOXX (-0.81%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.41%), HSI (+1.94%) and the Shanghai Composite (+1.51%).

The yield on the US 10 - year note was at 4.277%, while the 2 - year note was at 3.724%. Oil was up to $64.74 per barrel, up 1.70%. The gold price was at US$3410.60 per ounce, down 0.23%. 

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