Global Factors influencing ASX stocks on 09 December 2022

On 09 December 2022, at AEDT 12:35 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 12.90 points or 0.18%, and is currently trading at 7,188.40 levels. Out of 11 sectors, 8 sectors are trading lower despite the gain in the S&P/ASX 200. The Materials and Information Technology are the top 2 gaining sectors, higher by 1.38% and 0.55% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.14%; Led By Materials And Tech Sectors

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

1. Key U.S. indices ended higher in their previous session. NASDAQ Composite, NASDAQ-100, Dow industrial, and S&P 500 higher by 1.13%, 1.22%, 0.55%, and 0.75%, respectively.
2. Oil prices trading lower on a fifth straight day and hit near one-year lows amid the global economic slowdown.
3. The French economy is set to grow slightly by 0.1% in the final quarter of 2022 after a growth of 0.2% in the third quarter.
4. Britain will reshape their regulatory regime to ease the banking rules and unleash the financial services sectors' full potential.
5. Gold and copper prices rose slightly amid US inflation data, while red metal rose for the second week due to loosening Covid restrictions in China.
6. Hang Seng is up by 3.38%, and FTSE 100 is down by 0.23%.

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