Global Markets Report - 8 October
ASX set to open lower, after US stocks fell ahead of earnings from a number of big companies.
Australia
Australian shares are set to open lower, after US stocks fell ahead of earnings from a number of big companies.
ASX futures were down 0.04% or 4 points as of 8:00am on Tuesday, suggesting a lower open.
Major US indexes slipped to start the week, reversing course after a blockbuster jobs report sent stocks higher Friday.
The Nasdaq Composite slid 1.2%, the Dow Jones Industrial Average dropped 0.9%, and the S&P 500 lost 1%.
In commodity markets, Brent crude oil was up 3.8% to US$81.03 a barrel, while gold was flat at US$2,642.74.
The Australian dollar was at 67.56 US cents, down from its previous close of 67.91.
Asia
China markets were closed due to a public holiday.
Hong Kong shares ended higher. The benchmark Hang Seng Index added 1.6% to 23,099.78.
Japanese shares closed higher. The Nikkei Stock Average rose 1.8% to 39,332.74.
India shares ended lower. The BSE SENSEX fell 0.8% to 81,050.00.
Europe
Stocks in the U.K. finished higher. The FTSE 100 Index gained 0.3% to 8,303.62.
In Europe, shares closed mixed. Germany's DAX slipped 0.1% to 19,104.10, and France's CAC 40 gained 0.5% to 7,576.02.
North America
U.S. stocks ended lower. The DJIA fell 0.9% to 41,954.24, the S&P 500 lost 1.0% to 5,695.94, and the Nasdaq dropped 1.2% to 17,923.90.
Among S&P 500 companies, the top three gainers were Super Micro Computer Inc, surging 15.89%, Air Products & Chemicals Inc jumped 9.50%, and Generac Holdings Inc lifted 8.48%.
The biggest decliners were Everest Group Ltd which dropped 8.49%, Arch Capital Group Ltd fell 6.19%, and Assurant Inc lost 5.54%.