Global Factors influencing ASX stocks on 19 January 2023

On 19 January 2023, at AEDT 11:43 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 19.70 points or 0.27%, and is currently trading at 7,413.10 levels. Out of 11 sectors, 5 sectors are trading higher along with the S&P/ASX 200. The Materials and A-REIT are the top 2 gaining sectors, gaining 0.42% and 0.43% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Marginally up today; Energy sector was top loser

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 by 1.24%, %, 1.27%, 1.81% and 1.56%, respectively.

2. Japan's exports rose 11.5% YoY in December, while imports grew 20.6%, resulting in a trade deficit worth 1.45 trillion yen.

3. UK property market weakest since 2010 as buyer demand and sales activity weakened more sharply than expected amid higher borrowing costs and the risk of a recession.

4. Argentina will buy back US$1 billion in overseas bonds to improve its debt profile, sending a positive signal to markets despite low reserves.

5. U.S. Treasuries held by foreigners rose in November for the first time in three months, as the decline in yields enhanced the attraction of government debt for investors.

6. On Wednesday 18 January 2023, Fed signalled that they will further increase the interest rate to beat inflation.

7. In commodity market Brent oil and Crude oil WTI are trading in the red zone. Gold, silver and copper prices have also declined

8. Hang Seng is up by 0.47%, and FTSE 100 is up by 0.26%.

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