Global Markets Report - 9 September
ASX set to open lower, after US indexes ended the week in the red.
Australia
Australian shares are set to open lower, after US indexes ended the week in the red.
ASX futures were down 1.27% or 102 points as of 8:00am on Monday, suggesting a lower open.
US stocks fell to end their worst week in over a year as August payrolls growth was shy of economist expectations, while the unemployment rate ticeds lower.
DJIA fell 410 points, or 1%, to 40,345, the S&P 500 dropped 1.7% to 5,408 and the Nasdaq sunk 2.6% to 16,690.
In commodity markets, Brent crude oil was down 2.2% to US$71.06 a barrel, while gold was down 0.8% to US$2,497.41.
The Australian dollar was at 66.69 US cents.
Asia
Chinese shares closed lower. The benchmark Shanghai Composite Index fell 0.8% to 2,765.81, and the Shenzhen Composite Index dropped 1.6% to 1,505.18.
Hong Kong shares ended lower. The benchmark Hang Seng Index lost 0.1% to 17,444.30.
Japanese shares closed lower. The Nikkei Stock Average slid 0.7% to 36,391.47.
India shares ended lower. The BSE SENSEX fell 1.2% to 81,183.93.
Europe
Stocks in the U.K. finished lower. The FTSE 100 Index dropped 0.6% to 8,192.87.
In Europe, shares closed mixed. Germany's DAX lost 1.5% to 18,301.90, and France's CAC 40 was flat at 7,352.30.
North America
U.S. stocks ended lower. The DJIA slipped 1.0% to 40,345.41, the S&P 500 fell 1.7% to 5,408.42, and the Nasdaq dropped 2.6% to 16,690.83.
Among S&P 500 companies, the top three gainers were Dollar General Corp, surging 2.70%, SBA Communications Corp jumped 2.20%, and Crown Castle Inc lifted 1.98%.
The biggest decliners were Broadcom Inc which dropped 10.36%, Tesla Inc fell 8.45%, and Albemarle Corp lost 6.90%.