Global Factors influencing ASX stocks on 05 January 2024

On 05 January 2024, at AEDT 11:55 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 17.30 points or 0.23%, and is currently trading at 7,511.40 levels. Out of 11 sectors, 5 sectors are trading higher along with the gain in the S&P/ASX 200. The Healthcare and Financials sectors are the top 2 gaining sectors, gaining 0.60% and 0.38% in their index values.

Also Read: Mid-Market: S&P/ASX 200 Marginally Higher By 0.05%; Buoyed By Healthcare And Financials Stocks

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

1. Key U.S. indices ended mixed in their previous session. NASDAQ Composite, NASDAQ-100, and S&P 500 declined 0.56%, 0.53%, and 0.34%, respectively. However, Dow Jones gained by 0.03%.

2. Bonds sold off and global equity markets failed to fully shake off New Year blues on Thursday after U.S. unemployment data indicated a resilient labour market, tempering expectations of Federal Reserve interest rate cuts in 2024.

3. The S&P 500 and Nasdaq Composite closed down in the previous session, extending their losing streak that kicked off 2024, although the Dow Jones Industrial eked out a win on the back of financial stocks and strong jobs data.

4. Oil prices settled lower in the previous session in a choppy see-saw session, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw.

5. Hang Seng is down by 0.00%, and FTSE 100 is up by 0.53%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com