Global Factors influencing ASX stocks on 24 November 2022

On 24 November 2022, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 30.20 points or 0.42%, and is currently trading at 7,262.00 levels. Out of 11 sectors, 10 sectors are trading higher along with the S&P/ASX 200. The information Technology and A-REIT sectors are the top 2 gaining sectors, gaining 1.52% and 1.04% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.41%; 10 Out Of 11 Sectors Are In Green Zone

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 0.99%, 0.97%, 0.28%, and 0.59%, respectively.
2. Oil prices are down more than 4.20% today following G7 looking to imposing a higher-than-expected range of $65-$70 a barrel as a cap for the selling price of Russian oil.
3. Minutes of the Federal Reserve meeting revealed that the policy marker is looking to slow down the pace of interest rate hikes.
4. The 27 European Union countries were not agreed on a proposal by the bloc's executive to cap future gas prices at 275 euros per megawatt-hour (MWh).
5. Gold and silver prices were higher today, following the Federal Reserve outlook to slow down the pace of interest rate hikes.
6. Hang Seng is up by 0.57%, and FTSE 100 is down by 0.17%.

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