Global Markets Report - 28 October
ASX set to open lower, after US indexes closed the week mixed.
Australia
Australian shares are set to open lower, after US indexes closed the week mixed.
ASX futures were down 0.02% or 2 points as of 8:00am on Monday, suggesting a lower open.
US stocks were mixed to close out a heavy week of earnings reports with the S&P 500 and Dow Industrials posting their first weekly declines since the start of September. The Nasdaq, meanwhile, rose for a seventh consecutive week.
This week earnings include tech bellwethers Alphabet, Meta, Microsoft, Amazon and Apple as well as big economic data including the October payrolls report.
DJIA falls 259 points, or 0.6%, to 42,114, the S&P 500 slipped 1 point to 5,808, while the Nasdaq climbed 0.6% to 18,518.
In commodity markets, Brent crude oil was up 2.3% to US$76.05 a barrel, while gold was up 0.4% to US$2,747.56.
The Australian dollar was at 66.03 US cents.
Asia
Chinese shares closed higher. The benchmark Shanghai Composite Index rose 0.6% to 3,299.70, and the Shenzhen Composite Index added 1.8% to 1,974.65.
Hong Kong shares ended higher. The benchmark Hang Seng Index gained 0.5% to 20,590.15.
Japanese shares closed lower. The Nikkei Stock Average lost 0.6% to 37,913.92.
India shares ended lower. The BSE SENSEX fell 0.8% to 79,402.29.
Europe
Stocks in the U.K. finished lower. The FTSE 100 Index dropped 0.2% to 8,248.84.
In Europe, shares closed mixed. Germany's DAX increased 0.1% to 19,463.59, and France's CAC 40 slipped 0.1% to 7,497.54.
North America
U.S. stocks ended mixed. The DJIA lost 0.6% to 42,114.40, the S&P 500 was unchanged at 5,808.12, and the Nasdaq rose 0.6% to 18,518.61.
Among S&P 500 companies, the top three gainers were Tapestry Inc, surging 13.56%, Deckers Outdoor Corp jumped 10.64%, and Digital Realty Trust Inc lifted 9.44%.
The biggest decliners were Mohawk Industries Inc which dropped 13.82%, Universal Health Services Inc fell 9.75%, and HCA Healthcare Inc lost 8.86%.