Global Factors influencing ASX stocks on 27 April 2023

On 27 April 2023, at AEST 11:52 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 34.20 points or 0.47%, and is currently trading at 7,282.10 levels. Out of 11 sectors, 10 sectors are trading lower along with the S&P/ASX 200. The A-REIT and Health Care were the top 2 declining sectors, declining 1.34% and 0.89% in their index values.

Also read Mid-Market S&P/ASX 200 Trading Lower By 0.34%; 8 Out Of 11 Sectors Are In Red

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

1. Some of the key U.S. indices % higher and some ended lower in their previous session. NASDAQ Composite and NASDAQ-100 ended higher 0.47%, 0.64% respectively and Dow jones and S&P 500 ended lower 0.68%, 0.38% respectively.

2. Oil prices rebounded today, reversing previous losses caused by recession fears in the United States and increasing Russian oil shipments, which mitigated the impact of OPEC production curbs.

3. Gold prices remained in a narrow range on Thursday as traders dug down ahead of closely anticipated statistics on US economic growth and the Federal Reserve's preferred inflation measure, despite strong safe-haven demand keeping the yellow metal around crucial levels.

4. Argentina will begin paying for Chinese imports in yuan rather than dollars, the government announced Wednesday, in an effort to replenish the country's depleting dollar reserves.

5. Irish consumer sentiment surged to a 13-month high in April, owing to lower energy prices and a less frightening forecast for European Central Bank interest rates, according to a poll released on Thursday.

6. The Hang Seng is down by 0.11% and FTSE 100 is down 0.49%.

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