Global Markets Report - 19 November
ASX set to open higher, after US stocks closed higher overnight.
Australia
Australian shares are set to open higher, after US stocks climbed overnight.
ASX futures up 13 points or 0.2% near 7.15am AEDT on Tuesday, suggesting a higher open.
US shares rose after Telsa gained 7 percent on the back of suggestions that President Trump would ease restrictions on driverless cars.
The Dow Jones Industrial Average slipped 0.21%. The S&P 500 and Nasdaq Composite each rose with the S&P up 0.37% and the Nasdaq climbing 0.49%.
Commodities rose with Brent crude oil breaking the US$73 market, while gold climbed to US$2,000 an ounce and Iron Ore up 2.5% to US$99.15.
The Australian dollar rose to 65.06 US cents.
Asia
Chinese shares closed lower. The benchmark Shanghai Composite Index lost 0.21% to 3,323.85.
Hong Kong shares ended lower. The benchmark Hang Seng Index rose 0.77% to 19,576.
Japanese shares closed lower. The Nikkei Stock Average slipped 1.09% to 38,220.
Europe
Stocks in the U.K. finished higher. The FTSE 100 Index rose 0.57% to 8,109.
In Europe, shares closed higher. Germany's DAX dropped 0.11%, and France's CAC 40 rose 0.12%.
North America
The Dow Jones Industrial Average slipped 0.21%. The S&P 500 and Nasdaq Composite each rose with the S&P up 0.37% and the Nasdaq climbing 0.49%.