Global Markets Report - 14 February

ASX set to open higher, after US stocks lifted on positive Trump tariff news.

14 February 2025

Australia

Please note: we will be discontinuing the Global Markets Report after 28 February.

Australian shares are set to open higher, after US stocks lifted on positive Trump tariff news.

ASX futures were up 0.96% or 82 points as of 8:30am on Friday, suggesting a higher open.

US stocks rose as President Trump signed a memo on reciprocal trade but stopped short of imposing the tariffs immediately, as many feared.

Wholesale inflation came in stronger than expected, though categories that fed into the Fed's preferred measure were more muted.

MGM Resorts International gained 18% after its casino business in China buoyed results, Cisco rose 2.1% on a higher revenue outlook and AppLovin jumped 24% following a deal to sell its mobile-gaming division.

DJIA gained 342 points, or 0.8%, to 44,711, the S&P 500 added 1% to 6,115 and the Nasdaq rose 1.5% to 19,945.

In commodity markets, Brent crude oil was down 0.03% to US$75.16 a barrel, while gold was up 0.86% to US$2,929.10.

The Australian dollar was at 63.15 US cents, up from its previous close of 62.77.

Asia

Chinese shares closed lower. The benchmark Shanghai Composite Index slipped 0.4% to 3,332.48, and the Shenzhen Composite Index fell 0.8% to 2,018.24.

Hong Kong shares ended lower. The benchmark Hang Seng Index was down 0.2% to 21,814.37.

Japanese shares closed higher. The Nikkei Stock Average rose 1.3% to 39,461.47.

India shares ended flat. The BSE SENSEX was unchanged at 76,138.97.

Europe

Stocks in the U.K. finished lower. The FTSE 100 Index lost 0.5% to 8,764.72.

In Europe, shares closed higher. Germany's DAX jumped 2.1% to 22,612.02, and France's CAC 40 lifted 1.5% to 8,164.11.

North America

US stocks ended higher. The DJIA added 0.8% to 44,711.43, the S&P 500 gained 1.0% to 6,115.07, and the Nasdaq rose 1.5% to 19,945.64.

Among S&P 500 companies, the top three gainers were MGM Resorts International MGM, surging 17.46%, Molson Coors Beverage Co TAP jumped 9.52%, and Caesars Entertainment Inc CZR lifted 9.19%.

The biggest decliners were West Pharmaceutical Services Inc WST which dropped 38.46%, Zebra Technologies Corp ZBRA fell 8.36%, and Iron Mountain Inc IRM lost 7.28%.

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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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