Global Factors influencing ASX stocks on 13 December 2022

On 13 December 2022, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 30.50 points or 0.42%, and is currently trading at 7,211.30 levels. Out of 11 sectors, 9 sectors are trading higher along with the S&P/ASX 200. The Information Technology and Industrials are the top 2 gaining sectors, gaining 1.90% and 1.74% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.62%; Lifted By IT And Financials Sectors

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

1. The key U.S. indices ended higher in their previous session. NASDAQ Composite ended higher by 1.26%, NASDAQ-100 ended higher by 1.24%, Dow industrial closed higher by 1.58%, and S&P 500 up by 1.43, respectively.
2. Oil prices rose $2 a barrel amid a key pipeline supplying the U.S. Closed, and Russia threatened a production cut and even as China's relaxing COVID-19 restrictions bolstered the fuel demand outlook.
3. The Western countries and U.S. announced an alliance to produce and buy critical minerals from countries with a more stimulating environment and labour standards, which may reduce business with China.
4. The dollar gained against most currencies amid expectation of moderate U.S. inflation, and Federal Reserve decision that it would slow the pace of interest rate hikes.
5. China had filed a dispute against U.S. over its chip export measures at the World Trade Organisation (WTO).
6. According to a private survey completed by Westpac, Australia’s consumer sentiment slightly improved, although concerns over inflation and rising interest rates kept the fear of recession.
7. Hang Seng is down by 2.20%, and FTSE 100 is down by 0.41%.

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