Global Factors influencing ASX stocks on 18 November 2022

On 18 November 2022, at AEDT 12:35 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 27.40 points or 0.38%, and is currently trading at 7,163.10 levels. Out of 11 sectors, 8 sectors are trading higher along with the S&P/ASX 200. The Financial and Utilities sectors are the top 2 gaining sectors, gaining 0.82% and 0.81% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.33%; Lifted By Financial and Utilities Sectors

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 0.35%, 0.19%, 0.02%, and 0.31%, respectively.
2. Japan's core consumer inflation increased to a 40-year high in October as a weak yen pushed up the cost of imported commodities, which were already rising due to global supply constraints.
3. The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike, but economists polled by Reuters stated a longer period of U.S. central bank tightening and a higher policy rate peak are the extreme risks to the current outlook.
4. Russian missiles and shells hit Ukrainian positions in several regions, the Ukrainian military said on Thursday night as Moscow's occupying forces appeared more active.
5. Oil prices are falling by more than 3% today, with demand squeezed by mounting COVID-19 cases in China and fears of more aggressive hikes in U.S. interest rates.
6. Hang Seng is down by 1.15%, and FTSE 100 is down by 0.06%.

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