Global Markets Report - 22 October
ASX set to open lower, after US stocks gave back some recent gains ahead of a busy week of earnings.
Australia
Australian shares are set to open lower, after US stocks gave back some recent gains ahead of a busy week of earnings.
ASX futures were down 0.81% or 68 points as of 8:00am on Tuesday, suggesting a lower open.
US stocks kicked off the week with declines after a banner stretch that sent the S&P 500 up for six consecutive weeks, the longest winning streak of the year.
More than 110 S&P 500 companies, including seven members of the Dow Jones Industrial Average, are scheduled to report quarterly results this week, according to FactSet.
The S&P 500 fell 0.2%, and the Dow Jones Industrial Average dropped 0.8%. The Nasdaq Composite edged up in afternoon trading and eked out a slim gain of 0.3%.
In commodity markets, Brent crude oil was up 1.4% to US$74.09 a barrel, while gold was unchanged at US$2,719.76.
The Australian dollar was at 66.55 US cents, down from its previous close of 67.04.
Asia
Chinese shares closed higher. The benchmark Shanghai Composite Index rose 0.2% to 3,268.11, and the Shenzhen Composite Index added 1.6% to 1,936.97.
Hong Kong shares ended lower. The benchmark Hang Seng Index lost 1.6% to 20,478.46.
Japanese shares closed lower. The Nikkei Stock Average fell 0.1% to 38,954.60.
India shares ended lower. The BSE SENSEX dropped 0.1% to 81,151.27.
Europe
Stocks in the U.K. finished lower. The FTSE 100 Index slipped 0.5% to 8,318.24.
In Europe, shares closed lower. Germany's DAX lost 1.0% to 19,461.19, and France's CAC 40 fell 1.0% to 7,536.23.
North America
U.S. stocks ended mixed. The DJIA dropped 0.8% to 42,931.60, the S&P 500 slipped 0.2% to 5,853.98, and the Nasdaq added 0.3% to 18,540.01.
Among S&P 500 companies, the top three gainers were Kenvue Inc, surging 5.52%, NVIDIA Corp jumped 4.14%, and Boeing Co lifted 3.12%.
The biggest decliners were Builders FirstSource Inc which dropped 5.23%, The Cigna Group fell 4.70%, and Lennar Corp lost 4.41%.