Global Markets Report - 28 August
ASX set to open lower, while U.S. stocks edged slightly higher as traders awaited Nvidia earnings.
Australia
Australian shares are set to open lower, while U.S. stocks edged slightly higher as traders awaited earnings from Nvidia on Wednesday.
ASX futures were down 0.36% or 29 points as of 8:00am on Wednesday, suggesting a lower open.
U.S. stock indexes eked out gains ahead of this week's main event for investors: Nvidia earnings on Wednesday afternoon.
The S&P 500 edged up 0.2%, not far off its record high. The tech-heavy Nasdaq Composite ticked 0.2% higher and the Dow Jones Industrial Average ended flat.
In commodity markets, Brent crude oil was down 1.9% to US$79.85 a barrel, while gold was flat at US$2,525.26.
The Australian dollar was at 67.92 US cents, up from its previous close of 67.71.
Asia
Chinese shares closed lower. The benchmark Shanghai Composite Index lost 0.2% to 2,848.73, and the Shenzhen Composite Index slipped 1.3% to 1,493.43.
Hong Kong shares ended higher. The benchmark Hang Seng Index added 0.4% to 17,874.67.
Japanese shares closed higher. The Nikkei Stock Average rose 0.5% to 38,288.62.
India shares ended flat. The BSE SENSEX closed at 81,711.76.
Europe
Stocks in the U.K. finished higher. The FTSE 100 Index rose 0.2% to 8,345.46.
In Europe, shares closed mixed. Germany's DAX gained 0.3% to 18,681.81, and France's CAC 40 fell 0.3% to 7,565.78.
North America
U.S. stocks ended higher. The DJIA was flat at 41,250.50, the S&P 500 added 0.2% to 5,625.80, and the Nasdaq gained 0.2% to 17,754.82.
Among S&P 500 companies, the top three gainers were ResMed Inc, surging 7.26%, Insulet Corp jumped 6.58%, and Royal Caribbean Group lifted 4.30%.
The biggest decliners were Walgreens Boots Alliance Inc which dropped 8.82%, Paramount Global fell 7.00%, and Martin Marietta Materials Inc lost 4.57%.