Global Markets Report - 28 February

ASX set to open higher, after Wall St finished mixed ahead of Nvidia results.

Morningstar

27 February 2025

Australia

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

Australian shares are set to open higher, after Wall St finished mixed ahead of Nvidia results.

ASX futures were up 0.33% or 28 points as of 8:30am on Thursday, suggesting a lower open.

US stock indexes ended mixed as investors awaited results from AI chip lead Nvidia after the close.

Super Micro Computer shares rose 12% after the server maker filed overdue financial statements.

Tesla dropped 4% after its market capitalization fell below $1 trillion on Tuesday.

Consumer staples lost over 1.5%, while information technology stocks gained the most among S&P 500 sectors.

Oil prices edged lower, while gold prices rose.

DJIA slipped 188 points, or 0.4%, to 43,433, while the S&P 500 was little changed at 5,956 and the Nasdaq rose 0.3% to 19,075.

In commodity markets, Brent crude oil was down 0.38% to US$72.74 a barrel, while gold was up 0.11% to US$2,918.23.

The Australian dollar was at 63.01 US cents, down from its previous close of 63.42.

Asia

Chinese shares closed higher. The benchmark Shanghai Composite Index rose 1% to 3,380.21, and the Shenzhen Composite Index gained 1.1% to 2,097.14.

Hong Kong shares ended higher. The benchmark Hang Seng Index added 3.3% to 23,787.93.

Japanese shares closed lower. The Nikkei Stock Average declined 0.2% to 38,142.37.

India shares ended higher. The BSE SENSEX increased 0.2% to 74,602.12.

Europe

Stocks in the U.K. finished higher. The FTSE 100 Index gained 0.7% to 8,731.46.

In Europe, shares closed higher. Germany's DAX rose 1.7% to 22,794.11, and France's CAC 40 increased 1.2% to 8,143.92.

North America

U.S. stocks ended mixed. The DJIA fell 0.4% to 43,433.12, the S&P 500 was unchanged at 5,956.06, and the Nasdaq gained 0.3% to 19,075.26.

Among S&P 500 companies, the top three gainers were Axon Enterprise Inc AXON surging 15.25%, Intuit Inc INTU jumped 12.58%, and Super Micro Computer Inc SMCI lifted 12.23%.

The biggest decliners were Centene Corp CNC which dropped 7.22%, Molina Healthcare Inc MOH fell 6.95%, and Keysight Technologies Inc KEYS lost 6.86%.

GLOBAL EQUITIES

GLOBAL MARKET REPORT

GMR

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.

© 2025 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This report has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or New Zealand wholesale clients of Morningstar Research Ltd, subsidiaries of Morningstar, Inc. Any general advice has been provided without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar’s full research reports are the source of any Morningstar Ratings and are available from Morningstar or your adviser. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782.