Global Factors influencing ASX stocks on 30 December 2022

On 30 December 2022, at AEDT 12:13 PM, the benchmark index S&P/ASX 200 is trading higher today, gained 21.20 points or 0.30%, and is currently trading at 7,041.30 levels. All 11 sectors are trading higher along with the S&P/ASX 200. The information Technology and Energy are the top 2 gaining sectors, higher 1.69% and 1.04% in their index values.

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

1. Some key U.S. indices ended higher in their previous session. NASDAQ Composite ended higher by 2.59%, NASDAQ-100 closed higher by 2.54%, Dow industrial up by 1.05%, and S&P 500 ended higher by 1.75%.
2. Oil prices fell for a second session amid countries considering restrictions on Chinese travellers with COVID-19 infections spreading.
3. The US passed the $1.66 trillion bill funding for the fiscal year 2023, which includes record military funding, emergency aid to Ukraine, etc.
4. South Korea's consumer prices rose 5.0%, matching the market's expectations. The bank of Korea is expected to stop raising interest rates after one more increase in early 2023.
5. Hang Seng is down by 0.79%, and FTSE 100 is up by 0.21%.

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