On 19 April 2023, at AEST 11:40 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 9.90 points or 0.13%, and is currently trading at 7,370.10 levels. The Material sector is only sector which is trading higher along with the S&P/ASX 200.
On that note, let us look at a few global reasons impacting the stock market today:
1. Some of the key U.S. indices ended higher and some ended lower in their previous session. NASDAQ Composite and Dow jones ended lower 0.04%, 0.03% respectively and Nasdaq 100 and S&P 500 ended higher 0.03%, 0.09% respectively.
2. Oil prices surged in early Asian trade today as US oil stocks were expected to shrink and on solid Chinese economic statistics, indicating increased fuel demand.
3. Natural gas prices rise for the third day as a late-April cold encourages heating and reduces store build-up.
4. The dollar declined against most major currencies the previous day on better-than-expected GDP statistics from China, while good pay numbers from the United Kingdom bolstered the pound.
5. Gold regained some ground over $2,000 in the previous session as the dollar relinquished part of its comeback from one-year lows.
6. The Hang Seng is down 0.63% and FTSE 100 is up 0.38%.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
