Global Factors influencing ASX stocks on 23 December 2022

On 23 December 2022, at AEDT 12:20 PM, the benchmark index S&P/ASX 200 is trading lower today, declined 81.40 points or 1.14%, and is currently trading at 7,071.10 levels. All 11 sectors are trading lower along with the S&P/ASX 200. The Information Technology and Energy are the top 2 declining sectors, lower 2.06% and 1.32% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Lower By 1.14%; All 11 Sectors Are In Red

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 ended lower by 2.18%, NASDAQ-100 lower by 2.49%, Dow industrial down by 1.05%, and S&P 500 closed down by 1.45%.
2. Oil prices fell over the fear of Federal Reserve interest rate hikes, and China's rising COVID-19 cases would dent demand.
3. Japan's consumer inflation hit a 40-year high of 3.7% as companies continued to pass on rising costs to consumers.
4. The U.S. dollar rose over the assumption that Federal Reserve's hawkish move would remain longer.
5. U.S. Treasury yields were mixed, and the yield curve inversion deepened after the economy grew faster than expected in the last quarter.
6. Hang Seng is up by 2.71%, and FTSE 100 is down by 0.37%.

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