July 18th Morning Report

The US market closed higher on Thursday. Both the Nasdaq Composite and the S&P 500 closed at record highs as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend.

The Dow Jones Industrial Average up 0.52%, while the S&P 500 and Nasdaq Composite were up 0.54% and up 0.74% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.52%), the Dax 30 (+1.51%), CAC 40 (+1.29%) and the STOXX (+1.49%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.60%), HSI (-0.08%) and the Shanghai Composite (+0.37%).

The yield on the US 10 - year note was at 4.453%, while the 2 - year note was at 3.907%. Oil was up to $67.62 per barrel, up 1.87%. The gold price was at US$3344.00 per ounce, down 0.45%. 

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