Global Markets Report - 30 August
ASX set to open higher, while US stock indexes ended mixed but on path to end the month with gains.
Australia
Australian shares are set to open higher, while US stock indexes ended mixed but on path to end the month with gains.
ASX futures were up 0.63% or 51 points as of 8:00am on Friday, suggesting a higher open.
The US stock market escaped disappointing Nvidia results largely unscathed.
The Nvidia-less Dow Jones Industrial Average gained 0.6%, or 244 points, notching its 25th record of the year. The S&P 500 finished roughly flat, while the tech-heavy Nasdaq Composite fell just 0.2%.
In commodity markets, Brent crude oil was up 1.6% to US$79.94 a barrel, while gold was up 0.6% to US$2,521.19.
The Australian dollar was at 67.95 US cents, up from its previous close of 67.83.
Asia
Chinese shares closed mixed. The benchmark Shanghai Composite Index fell 0.5% to 2,823.11, and the Shenzhen Composite Index rose 1.1% to 1,510.42.
Hong Kong shares ended higher. The benchmark Hang Seng Index gained 0.5% to 17,786.32.
Japanese shares closed flat. The Nikkei Stock Average was 38,362.53.
India shares ended higher. The BSE SENSEX rose 0.4% to 82,134.61.
Europe
Stocks in the U.K. finished higher. The FTSE 100 Index added 0.4% to 8,379.64.
In Europe, shares closed higher. Germany's DAX gained 0.7% to 18,912.57, and France's CAC 40 increased 0.7% to 7,640.95.
North America
U.S. stocks ended mixed. The DJIA added 0.6% to 41,335.05, the S&P 500 was unchanged at 5,591.96, and the Nasdaq fell 0.2% to 17,516.43.
Among S&P 500 companies, the top three gainers were Best Buy Co Inc, surging 14.11%, The Cooper Companies Inc jumped 11.84%, and West Pharmaceutical Services Inc lifted 5.83%.
The biggest decliners were Dollar General Corp which dropped 32.15%, Dollar Tree Inc fell 10.26%, and NetApp Inc lost 9.64%.