On 23 January 2024, at AEDT 11:50 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 48.50 points or 0.65%, and is currently trading at 7,525.10 levels. Out of 11 sectors, 10 sectors are trading higher along with the gain in the S&P/ASX 200. The Healthcare and Financials sectors are the top 2 gaining sectors, gaining 1.46% and 0.89% in their index values.
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 0.32%, 0.09%, 0.36%, and 0.22%, respectively.
2. Oil prices rose about 2% on Monday on concerns over global energy supplies following a Ukrainian drone strike on Russia's Novatek fuel terminal and as extreme cold weather continued to hamper U.S. crude production..
3. Bitcoin fell to a seven-week low on Monday, hovering below $40,000 for the first time since the launch of 11 spot bitcoin exchange-traded funds on Jan. 11.
4. Australian business conditions continued to soften in December as manufacturing and construction lost ground, a survey showed on Tuesday, while price pressures eased markedly in a promising sign for slower inflation.
5. Hang Seng is down by 2.27%, and FTSE 100 is up by 0.35%.
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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.
