Global Factors influencing ASX stocks on 25 September 2023

On 25 September 2023, at AEST 11:25 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 40.20 points or 0.57%, and is currently trading at 7028.60 levels. Out of 11 sectors, 8 are trading lower along with the S&P/ASX 200. The Materials and A-REIT sectors were the top 2 declining sectors, down by 0.47% and 0.43% in their index values.

Also read: Mid-Market: S&P/ASX 200 Trading Lower By 0.47%; Dragged Down By A-REIT And Materials Sectors

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 mixed in their previous session. NASDAQ Composite, S&P 500, Dow jones ended lower by 0.09%, 0.23%, 0.31%, while NASDAQ-100 ended higher by 0.05% respectively.

2. Asian stock markets are poised for a cautious start to the week as investors assess the implications of the U.S. Federal Reserve's policy outlook. Japanese futures held steady on Sunday, while Australian and Hong Kong futures registered marginal declines. On the other hand, an index tracking U.S.-listed Chinese firms advanced, driven by news of collaborative working groups being established by Washington and Beijing to deliberate economic and financial issues.

3. In a notable effort to safeguard the European electric vehicle (EV) sector, the European Automobile Manufacturers' Association (EAMA) has called on policymakers to postpone the enforcement of post-Brexit tariffs affecting EVs. This request was issued on Sunday, just before a meeting of trade officials planned for the upcoming week.

4. During Sunday evening trading, U.S. stock futures showed gains, following a challenging week for key benchmark indices. Investors had pulled back due to increasing long-term bond yields, influenced by the hawkish remarks made by Federal Reserve policymakers.

5. The Hang Seng and FTSE 100 is up by 2.28% and 0.07%.

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