Global Factors influencing ASX stocks on 24 January 2023

On 24 January 2023, at AEDT 12:35 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 9.60 points or 0.13%, and is currently trading at 7,466.90 levels. Out of 11 sectors, 7 sectors are trading higher along with the S&P/ASX 200. The A-REIT and Materials are the top 2 gaining sectors, gaining 1.24% and 1.00% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.10%; Led By A-REIT And Materials 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 2.01%, %, 2.18%, 0.76% and 1.19%, respectively.
2. Japan's manufacturing activity declined for a third consecutive month in January as export declined over a deteriorating global outlook.
3. China’s development loans to emerging economies fell to a 13-year low of $3.7 billion in 2021 due to Beijing curtailing funding for large-scale oil projects.
4. Argentina and Brazil are in talks to develop a shared unit of value for bilateral trade to reduce reliance on the U.S. dollar.
5. Hang Seng is up by 1.82%, and FTSE 100 is up by 0.18%.

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