Global Factors influencing ASX stocks on 25 January 2023

On 25 January 2023, at AEDT 12.40 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 23.90 points or 0.32%, and is currently trading at 7,466.50 levels. Out of 11 sectors, 10 sectors are trading lower along with the S&P/ASX 200. The Information Technology and Energy sectors are the top 2 declining sectors, declining 1.22% and 0.79% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Sharply Lower By 0.37%; Inflation Tops Forecasts At 7.8%

On that note, let us look at a few global reasons impacting the stock market today.

1. Some of the key U.S. indices ended higher and some ended lower in their previous session. NASDAQ Composite ended lower by 0.27%, NASDAQ-100 lower by 0.22%, Dow industrial closed up by 0.31%, and S&P 500 ended lower by 0.07%.
2. New Zealand inflation remains high but less than central bank expectation, and investors hope cash rate increases over the coming months might be less aggressive than previously expected.
3. China, Japan, and South Korea's world's top three coal importers, hit their highest combined total in 16 months in December as the North Asian manufacturing countries primed their economies for growth in 2023.
4. Australia's CPI inflation rose by 1.9%, which is more than expected in Q4, indicating a increased pressure on the economy and Reserve Bank more impetus to keep raising interest rates.
5. Hang Seng is up by 1.82%, and FTSE 100 is down by 0.35%.

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