Global Factors influencing ASX stocks on 13 January 2023

On 13 January 2023, at AEDT 12:15 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 72.30 points or 0.99%, and is currently trading at 7,352.70 levels. All 11 sectors are trading higher along with the S&P/ASX 200. The Energy and Financial are the top 2 gaining sectors, gaining 2.14% and 1.14% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.92%; All 11 Sectors Are Trading In Green

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 gained 0.64%, 0.64%, 0.03%, and 0.34%, respectively.
2. U.S. consumer prices fell for the first time in more than two and half years in December as gasoline and motor vehicle prices declined, hopes that inflation was now on a sustained downward trend.
3. South Korea's central bank increased its policy interest rate by 25 basis points today, making a broadly anticipated move that many economists also predicted would mark the end of a tightening cycle that began in 2021.
4. Federal Reserve policymakers expressed relief that inflation continued easing in December, paving the way for a possible step down to a quarter point interest rate increase.
5. China is progressively on the move after the country's sudden reversal of heavy COVID-19 curbs, despite a surge in infections, indicating to a steady recovery in consumption and economic activity this year.
6. Hang Seng is up by 0.36%, and FTSE 100 is up by 0.89%.

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