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Australian Stock Market News & Analysis

Global Markets Report - 2 May
02 May 2024

Australian shares are set to open lower, after US stocks mostly fell on Wednesday.

ASX futures were down 0.1% or 5 points as of 8:30am on Thursday, suggesting a lower open.

In the US, the S&P 500 extended its recent slide Wednesday after the Federal Reserve kept rates at their highest level in more than 20 years.

The broad index fell 0.3%, deepening its losses from Tuesday, when it registered its largest drop since late January. The tech-heavy Nasdaq Composite fell 0.3%. The Dow Jones Industrial Average rose 0.2%, or roughly 87 points.

In commodity markets, Brent crude oil was down 3.6% to US$83.44 a barrel, while gold was up 0.1% at US$2,320.79.

In local bond markets, the yield on Australian 2 Year government bonds was up at 4.17% while the 10 Year yield was also up at 4.51%. US Treasury notes were down, with the 2 Year yield at 4.96% and the 10 Year yield at 4.63%.

The Australian dollar was 65.20 US cents. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was up at 100.14.


Price/fair value

Country
Current
1 year ago
Australia 1.02 0.97
New Zealand 0.94 1.00

Markets

Index
Last price
Change
% Change
All Ordinaries 7,838.60 6.70 0.09%
CAC 40 7,984.93 80.22 -0.99%
DAX 40 17,932.17 186.15 -1.03%
Dow JONES (US) 37,903.29 87.37 0.23%
FTSE 100 8,121.24 22.89 -0.28%
HKSE 17,763.03 16.12 0.09%
NASDAQ 15,605.48 52.34 -0.33%
Nikkei 225 38,128.23 145.82 -0.38%
NZX 50 Index 11,846.06 21.52 -0.18%
S&P 500 5,018.39 17.30 -0.34%
S&P/ASX 200 7,577.00 7.10 0.09%
SSE Composite Index 3,104.82 8.22 -0.26%