Global Factors influencing ASX stocks on 18 January 2023

On 18 January 2023, at AEDT 12:28 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 8.00 points or 0.11%, and is currently trading at 7,394.30 levels. Out of 11 sectors, 6 sectors are trading highe along with the S&P/ASX 200. The Healthcare and Information Technology are the top 2 gaining sectors, gaining 0.84% and 0.48% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Marginally Higher By 0.05%; Led By Healthcare and IT Sectors

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

1. Some key U.S. indices ended higher, and some ended lower in their previous session. NASDAQ Composite ended up by 0.14%, NASDAQ-100 closed higher by 0.14%, Dow industrial closed lower by 1.14%, and S&P 500 ended lower by 0.20%.

2. Oil prices were higher as traders looked to a recovery in Chinese demand this year after data showed the economy fared better than expected last quarter.

3. Britain's financial services exports trade surplus, as the United States cemented its position as the top customer, while the European Union eased in importance following Brexit.

4. Japan's yield control faces the biggest test as the central bank debates its yield control policy, which is under pressure as markets repeatedly break a limit set less than a month ago.

5. Wall Street investment banking showed deep falls in the fourth quarter, causing thousands of job cuts. Still, executives look for signs that corporate are regaining confidence in doing deals again.

6. Hang Seng is up down 0.78%, and FTSE 100 is down by 0.12%.

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