Global Factors influencing ASX stocks on 14 November 2022

On 14 November 2022, at AEDT 12:45 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 1.60 points or 0.02%, and is currently trading at 7,156.40 levels. Out of 11 sectors, 8 sectors are trading lower along with the S&P/ASX 200. The Industrials and Healthcare sectors are the top 2 losing sectors, declining 2.11% and 1.79% in their index values.

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 1.88%, 1.82%, 0.10%, and 0.92%, respectively.
2. Gold prices retreated from a 2.5-month high today as comments from some members of the Federal Reserve suggested that the bank will continue to act tough against inflation. In contrast, copper prices fell slightly as investors locked in stellar gains from last week.
3. On Sunday, the International Monetary Fund announced that the global economic outlook is even gloomier than projected last month, citing a steady worsening in purchasing manager surveys in recent months.
4. Oil prices gained nearly 1% today, extending gains from the previous session as China eased some of its strict COVID-19 protocols, fuelling expectations of a recovery in economic activity and demand at the world's top crude importer.
5. Hang Seng is up by 7.74%, and FTSE 100 is down by 0.78%.

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