Global Factors influencing ASX stocks on 25 November 2022

On 25 November 2022, at AEDT 01:20 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 23.10 points or 0.32%, and is currently trading at 7,264.90 levels. Out of 11 sectors, 09 sectors are trading higher along with the S&P/ASX 200. The Consumer Discretionary and A-REIT are the top 2 gaining sectors, gaining 1.46% and 1.24% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.26%; Led By Consumer Discretionary And Utilities Sectors

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

1. Key U.S. indices closed on Thursday due to Thanksgiving.
2. Oil price reaches its two-month low, following the G7 price cap on Russian oil, which eases the oil supply.
3. Japan's consumer inflation index rose by 3.6% in November, showing the fastest annual pace in the last 40 years. It reflects the broadening of inflation pressure.
4. The Dollar Index is declining now, following the minutes from the Federal Reserve's meeting stated that the Fed would downshift and raise rates in smaller steps from its next meeting.
5. Ghana's government plans to buy oil products in exchange for gold instead of the U.S. dollar. This step is taken to improve the foreign currency reserves.
6. The New Zealand consumer confidence index dropped in November compared to the previous month amid rising inflation, increasing rates, and falling house prices. Also, a net 31% of households think this is not a good time to buy major household items.
7. Gold prices are cooling today, dropping by 0.1% to $1753.20, showing optimism over the decrease in the pace of interest rate hikes.
8. Hang Seng is down by 0.97%, and FTSE 100 is down by 0.02%.

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