Global Factors influencing ASX stocks on 02 January 2024

On 02 January 2024, at AEDT 11:55 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 35.10 points or 0.46%, and is currently trading at 7,625.70 levels. All 11 sectors are trading higher along with the gain in the S&P/ASX 200. The Energy and Information Technology sectors are the top 2 gaining sectors, gaining 0.84% and 0.76% in their index values.

Also Read: Mid-Market: S&P/ASX 200 Trading Higher By 0.22%; Gold Stocks Declines

On that note, let us look at a few global reasons impacting the stock market today.

1. Key U.S. indices ended lower in their previous session. NASDAQ Composite, NASDAQ-100, Dow industrial, and S&P 500 declined 0.56%, 0.43%, 0.05%, and 0.28%, respectively.

2. As per the preliminary government data, Singapore's economy grew 1.2% in 2023, moderating from the 3.6% growth in 2022.

3. Israel pulled tanks out of some Gaza City districts on Monday, as it announced plans to shift tactics and cut back on troop numbers, but fighting raged elsewhere in the Palestinian enclave along with intense bombardment.

4. A powerful earthquake struck central Japan on Monday, killing at least one person, destroying buildings, knocking out power to tens of thousands of homes and prompting residents in some coastal areas to flee to higher ground.

5. Hang Seng is up by 0.02%, and FTSE 100 is up by 0.14%.

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