Global Factors influencing ASX stocks on 21 November 2022

On 21 November 2022, at AEDT 12:35 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 4.60 points or 0.06%, and is currently trading at 7,147.20 levels. Out of 11 sectors, 7 sectors are trading higher despite the decline in the S&P/ASX 200. The Materials and Information Technology sectors are the top 2 declining sectors, declining 1.22% and 1.01% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Flat; Energy and Materials Sectors Are The Top Declining Sectors

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

1. Key U.S. indices ended higher in their previous session. NASDAQ Composite, NASDAQ-100, Dow industrial, and S&P 500 gained 0.01%, 0.00%, 0.59%, and 0.48%, respectively.
2. Gold prices moved little today but hovered around key support levels as markets wanted more clarity on the path of U.S. monetary policy in the coming months. In contrast, copper prices were muted as more COVID disruptions in China appeared set to dent demand.
3. Asian share markets turned cautious today as investors worried about the economic downturn from new COVID-19 restrictions in China. At the same time, bonds and the dollar braced for more updates on U.S. monetary policy.
4. Ukraine's Zaporizhzhia nuclear power plant, which is under Russian control, was shocked by shelling on Sunday, drawing criticism from the U.N. nuclear watchdog, which said such attacks risked a significant disaster.
5. China's oil imports from Russia jumped 16% in October from the previous corresponding period to just behind top supplier Saudi Arabia, as state-run firms stocked up before a European embargo over Russia's invasion of Ukraine kicked in.
6. Hang Seng is down by 0.29%, and FTSE 100 is up by 0.53%.

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