Global Factors influencing ASX stocks on 06 January 2023

On 06 January 2023, at AEDT 12.40 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 30.70 points or 0.43%, and is currently trading at 7,094.30 levels. Out of 11 sectors, 8 sectors are trading lower despite the gain in the S&P/ASX 200. The Materials and Energy are the top 2 gaining sectors, gaining 2.27% and 1.52% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.39%; Despite Sharp Loss In Wall Street

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 1.47%, 1.59%, 1.02%, and 1.16%, respectively.
2. Japan's real wages fell at their fastest rate, 3.8%, due to higher inflation, while nominal pay growth slowed despite rising for the 11th straight month.
3. America’s new claims filing for jobless benefits declined to a 3-month low last week while layoffs fell 43% in December, indicating to a still-tight labour market that could force the Federal Reserve to keep hiking interest rates.
4. Japan's service sector activity rebounded in December after a boom in international and domestic tourism as COVID curbs were relaxed.
5. Gold prices hovered near 7-month highs as markets awaited a key reading on U.S. nonfarm payrolls, while copper prices reversed weekly losses amid the relaxing of more anti-COVID measures in major importer China.
6. Hang Seng is up by 1.25%, and FTSE 100 is up by 0.64%.

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