Global Factors influencing ASX stocks on 15 January 2024

On 15 January 2024, at AEDT 11:50 AM, the benchmark index S&P/ASX 200 is trading marginally lower today, declining 3.10 points or 0.04%, and is currently trading at 7,495.90 levels. Out of 11 sectors, 5 sectors are trading lower along with the decline in the S&P/ASX 200. The Healthcare and Materials sectors are the top 2 gaining sectors, gaining 0.53% and 0.46% in their index values.

Also Read: Mid-Market: S&P/ASX 200 Trading Lower By 0.05%; Dragged Down By Materials And Healthcare Sectors

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

1. Key U.S. indices ended mixed in their previous session. NASDAQ Composite, and S&P 500 ended higher and closed at 0.02%, and 0.08%. However, Dow Jones declined by 0.31%, respectively.

2. The dollar index retreated on renewed expectations of a rate cut by the Federal Reserve in March, while the Chinese yuan struggled near a one-month low ahead of a slew of economic data this week.

3. Asian shares got off to a sluggish start today ahead of a week packed with geopolitical risk, Chinese economic data and earnings reports from major U.S. banks.

4. Oil prices moved little in Asian trade today as markets awaited new developments in the Middle East conflict, while anticipation of several key U.S. and Chinese economic readings this week kept sentiment on edge.

5. Hang Seng is trading flat, and FTSE 100 is up by 0.64%.

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