Global Factors influencing ASX stocks on 23 January 2023

On 23 January 2023, at AEDT 12:25 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 6.70 points or 0.09%, and is currently trading at 7,445.50 levels. Out of 11 sectors, 7 sectors are trading lower along with the S&P/ASX 200. The A-REIT and Consumer Staples are the top 2 declining sectors, declining 0.66% and 0.59% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Marginally Lower By 0.12%; Dragged Down By A-REIT And Consumer Staples 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 by 2.66%, %, 2.86%, 1.00% and 1.89%, respectively.
2. U.S. wants to see quicker progress on World Bank reforms for expanding its lending capacity to address climate change and other global crises
3. UK employers urge Sunak to act urgently on growth reforms as the UK is falling behind its peers in the race to spur economic growth.
4. Gold prices increased slightly today, trading near to a nine-month high as markets anticipated more U.S. data this week to gauge whether the world’s largest economy was facing a potential recession in 2023.
5. Euro nears a nine-month peak as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.
6. Hang Seng is up by 1.82%, and FTSE 100 is up by 0.30%.

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