Global Factors influencing ASX stocks on 15 November 2022

On 15 November 2022, at AEDT 12:35 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 26.50 points or 0.37%, and is currently trading at 7,119.80 levels. Out of 11 sectors, 7 sectors are trading higher despite the S&P/ASX 200. The Materials and A-REIT sectors are the top 2 losing sectors, declining 1.96% and 0.94% 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 lower in their previous session. NASDAQ Composite, NASDAQ-100, Dow industrial, and S&P 500 declined 1.12%, 0.98%, 0.63%, and 0.89%, respectively.
2. The Japanese economy surprisingly declined in the third quarter, preliminary data showed today, as worsening inflation levels and further depreciation in the yen severely undercut economic growth in the country.
3. OPEC cut its forecast for 2022 global oil demand growth for the fifth time since April and further decreased next year's figure due to mounting economic challenges, including high inflation and rising interest rates.
4. The Reserve Bank of Australia said in a report today that it intends to limit its use of forward guidance on the policy after its usage during the pandemic drew criticism when rates were raised much earlier than previously envisaged.
5. Hang Seng is up by 1.70%, and FTSE 100 is up by 0.92%.

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