Global Markets Report - 29 October
ASX set to open higher, after US stocks rose behind strength in financial shares.
Australia
Australian shares are set to open higher, after US stocks rose behind strength in financial shares, while the energy sector was the only one to finish lower.
ASX futures were up 0.42% or 35 points as of 8:00am on Tuesday, suggesting a higher open.
US stocks edged higher. A jam-packed earnings week for big tech looms. Alphabet is scheduled to report Tuesday, followed on Wednesday by Microsoft and Meta Platforms. Apple and Amazon are on tap Thursday.
The Dow Jones Industrial Average rose 0.7%, while the S&P 500 and Nasdaq Composite both climbed 0.3%.
In commodity markets, Brent crude oil was down 5.2% to US$72.10 a barrel, while gold was unchanged at US$2,742.42.
The Australian dollar was at 65.80 US cents, down from its previous close of 66.03.
Asia
Chinese shares closed higher. The benchmark Shanghai Composite Index rose 0.7% to 3,322.20, and the Shenzhen Composite Index added 1.4% to 2,002.58.
Hong Kong shares ended flat. The benchmark Hang Seng Index was unchanged at 20,599.36.
Japanese shares closed higher. The Nikkei Stock Average gained 1.8% to 38,605.53.
India shares ended higher. The BSE SENSEX increased 0.8% to 80,005.04.
Europe
Stocks in the U.K. finished higher. The FTSE 100 Index rose 0.4% to 8,285.62.
In Europe, shares closed higher. Germany's DAX added 0.3% to 19,531.62, and France's CAC 40 gained 0.8% to 7,556.94.
North America
U.S. stocks ended higher. The DJIA increased 0.6% to 42,387.57, the S&P 500 rose 0.3% to 5,823.52, and the Nasdaq added 0.3% to 18,567.19.
Among S&P 500 companies, the top three gainers were Albemarle Corp, surging 4.94%, Carnival Corp jumped 4.83%, and Steel Dynamics Inc lifted 4.75%.
The biggest decliners were APA Corp which dropped 4.51%, Centene Corp fell 4.00%, and ResMed Inc lost 3.61%.