February 16th Morning Report

The US market closed mixed on Friday, supported by cooling inflation data but the Nasdaq ended lower as heavyweight technology and communications services shares lost ground on nagging fears of disruption by artificial intelligence.

The Dow Jones Industrial Average up 0.10%, while the S&P 500 and Nasdaq Composite were up 0.05% and down 0.22% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.42%), the Dax 30 (+0.25%), CAC 40 (-0.35%) and the STOXX (-0.43%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-1.21%), HSI (-1.72%) and the Shanghai Composite (-1.26%).

The yield on the US 10 - year note was at 4.048%, while the 2 - year note was at 3.408%. Oil was up to $62.75 per barrel, up 0.08%. The gold price was at US$5045.30 per ounce, up 1.98%. 

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