Global Markets Report - 22 January

ASX set to open higher, after US indexes continued gains.

22 January 2025

Australia

Australian shares are set to open higher, after US indexes continued gains.

ASX futures were up 0.38% or 32 points as of 8:30am on Tuesday, suggesting a higher open.

US stocks extended last week's gains after President Trump entered office, but delayed implementation of any potential tariffs while issuing a number of executive orders and promising more business friendly policies to come.

3M gained 4.2% after forecasting growth in sales and profit this year. General Motors jumped 5.7% after one analyst referenced the possibility of "positive surprises" under the new Trump administration. Charles Schwab rose 5.9% after the brokerage reports a 76% increase in quarterly profit.

DJIA gained 538 points, or 1.2%, to 44,025, the S&P rose 0.9% to 6,049 and the Nasdaq climbed 0.6% to 19,756.

In commodity markets, Brent crude oil was down 0.86% to US$79.46 a barrel, while gold was up 1.32% to US$2,743.99.

The Australian dollar was at 62.65 US cents, down from its previous close of 62.73.

Asia

Chinese shares closed mixed. The benchmark Shanghai Composite Index dropped 0.1% to 3,242.62, and the Shenzhen Composite Index gained 0.3% to 1,939.7.

Hong Kong shares ended higher. The benchmark Hang Seng Index added 0.9% to 20,106.55.

Japanese shares closed higher. The Nikkei Stock Average lifted 0.3% to 39,027.98.

India shares ended lower. The BSE SENSEX fell 1.6% to 75,838.36.

Europe

Stocks in the U.K. finished higher. The FTSE 100 Index gained 0.3% to 8,548.29.

In Europe, shares closed higher. Germany's DAX rose 0.2% to 21,042, and France's CAC 40 increased 0.5% to 7,770.95.

North America

U.S. stocks ended higher. The DJIA lifted 1.2% to 44,025.81, the S&P 500 increased 0.9% to 6,049.24, and the Nasdaq gained 0.6% to 19,756.78.

Among S&P 500 companies, the top three gainers were NVIDIA Corp NVDA surging 2.28%, Apple Inc AAPL jumped -3.19%, and Amazon.com Inc AMZN lifted 2.11%.

The biggest decliners were NVIDIA Corp NVDA which dropped 2.28%, Apple Inc AAPL fell 3.19%, and Amazon.com Inc AMZN lost 2.11%.

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AUTHOR

Morningstar
Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 17 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets.

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