Global Markets Report - 10 September
ASX set to open higher, after US stocks rose broadly to start the week.
Australia
Australian shares are set to open higher, after US stocks rose broadly to start the week.
ASX futures were up 0.97% or 78 points as of 8:00am on Tuesday, suggesting a higher open.
U.S. stocks rallied, recouping some of last week's losses as investors looked ahead to fresh inflation data.
The advance was broad-based, with all 11 of the S&P 500's sectors gaining ground. That lifted the broad U.S. stock index to a 1.2% gain. The Dow Jones Industrial Average climbed 1.2% while the tech-heavy Nasdaq Composite also gained 1.2%.
In commodity markets, Brent crude oil was up 1.1% to US$71.84 a barrel, while gold was flat at US$2,506.45.
The Australian dollar was at 66.61 US cents, down from its previous close of 66.69.
Asia
Chinese shares closed lower. The benchmark Shanghai Composite Index lost 1.1% to 2,736.49, and the Shenzhen Composite Index fell 0.6% to 1,496.23.
Hong Kong shares ended lower. The benchmark Hang Seng Index dropped 1.4% to 17,196.96.
Japanese shares closed lower. The Nikkei Stock Average slipped 0.5% to 36,215.75.
India shares ended higher. The BSE SENSEX added 0.5% to 81,559.54.
Europe
Stocks in the U.K. finished higher. The FTSE 100 Index rose 1.1% to 8,270.84.
In Europe, shares closed higher. Germany's DAX gained 0.8% to 18,443.56, and France's CAC 40 increased 1.0% to 7,425.26.
North America
U.S. stocks ended higher. The DJIA rose 1.2% to 40,829.59, the S&P 500 gained 1.2% to 5,471.05, and the Nasdaq added 1.2% to 16,884.60.
Among S&P 500 companies, the top three gainers were Super Micro Computer Inc, surging 6.01%, United Airlines Holdings Inc jumped 5.99%, and Paycom Software Inc lifted 5.75%.
The biggest decliners were Enphase Energy Inc which dropped 5.16%, Humana Inc fell 3.94%, and Bath & Body Works Inc lost 3.67%.