Global Factors influencing ASX stocks on 15 December 2022

On 15 December 2022, at AEDT 12:28 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 12.10 points or 0.17%, and is currently trading at 7,239.20 levels. Out of 11 sectors, 9 sectors are trading lower along with the S&P/ASX 200. The Materials and Consumer Discretionary sectors are the top 2 declining sectors, declining 0.83% and 0.70% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Lower By 0.24%; Mirroring 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 0.76%, 0.79%, 0.42%, and 0.61%, respectively.
2. Australia's job market grew more than anticipated in November, as growing wages, a record-high participation rate, and high demand for labor kept employment conditions tight.
3. The Federal Reserve increased its Fed funds rate by 0.5% to a 4.25% to 4.5% target range at its December policy meeting on Thursday AEST, after four consecutive 0.75% increases.
4. New Zealand's economy saw unexpectedly strong growth in the third quarter, increasing expectations that the central bank will continue its aggressive rate hiking cycle as it tries to control inflation at three-decade highs.
5. Japan's imports increased in November, offsetting exports and resulting in the 16th straightforward month of trade deficits, as the spectre of a global slowdown added to the country's worsening terms of trade.
6. Oil prices gained more than $2 after OPEC and the International Energy Agency forecasted a rebound in demand over the course of next year and as U.S. interest rate hikes are expected to ease further alongside slowing inflation.
7. Hang Seng is up by 0.39%, and FTSE 100 is down by 0.09%.

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