Australia

Australian shares are set to open higher, after major US stock indexes ended Friday mixed.

ASX futures were up 0.10% or 9 points as of 8:00am on Monday, suggesting a higher open.

US stocks rose for the second consecutive week as the Fed launched its easing cycle, while FedEx cut its outlook and the CEO Subramaniam warned that the Fed's hefty 50-basis-point cut means the economy is weakening.

The DJIA gained 38 points to 42,063, while the S&P 500 closed at 5,703, down 0.2%, and Nasdaq settled at 17,948, down 0.4%.

In commodity markets, Brent crude oil was down 0.5% to US$74.49 a barrel, while gold was up 1.4% to US$2,621.88.

The Australian dollar was at 68.06 US cents.

Asia

Chinese shares closed mixed. The benchmark Shanghai Composite Index was unchanged at 2,736.81, and the Shenzhen Composite Index slipped 0.2% to 1,494.66.

Hong Kong shares ended higher. The benchmark Hang Seng Index rose 1.4% to 18,258.57.

Japanese shares closed higher. The Nikkei Stock Average added 1.5% to 37,723.91.

India shares ended higher. The BSE SENSEX gained 1.6% to 84,544.31.

Europe

Stocks in the U.K. finished lower. The FTSE 100 Index fell 1.2% to 8,229.99.

In Europe, shares closed lower. Germany's DAX lost 1.5% to 18,720.01, and France's CAC 40 dropped 1.5% to 7,500.26.

North America

U.S. stocks ended mixed. The DJIA rose 0.1% to 42,063.36, the S&P 500 slipped 0.2% to 5,702.55, and the Nasdaq fell 0.4% to 17,948.32.

Among S&P 500 companies, the top three gainers were Constellation Energy Corp, surging 22.32%, Vistra Corp jumped 16.33%, and CrowdStrike Holdings Inc lifted 8.10%.

The biggest decliners were FedEx Corp which dropped 15.23%, Lennar Corp fell 5.33%, and Old Dominion Freight Line Inc lost 5.16%.