Global Factors influencing ASX stocks on 30 March 2023

On 30 March 2023, at AEDT 12:45 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 65.80 points or 0.93%, and is currently trading at 7,116.10 levels. Out of 11 sectors 10 sectors are trading higher along with the S&P/ASX 200. The Information Technology and Materials were the top 2 gaining sectors, gaining 1.75% and 1.60% in their index values.

Also read Mid-Market: S&P/ASX 200 Trading Higher By 1.00%; All 11 Sectors Are Trading Higher

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 in their previous session. NASDAQ Composite and NASDAQ-100, Dow Jones and S&P 500 gained 1.79%, 1.87%, 1.00% and 1.42% respectively.

2. Oil prices rose in early Asian trade on Thursday as traders anticipated vital business activity data from China for additional insight into the world's top oil importer.

3. British car manufacturing increased 13.1% in February, the first monthly gain in three months, supported by resolving supply-chain issues and healthy output in home and international markets.

4. Job openings in Australia decline 1.5% but remain much above pre-pandemic levels, indicating a very tight labour market.

5. The dollar surged against most major rivals in the previous session, erasing some of its recent losses, and gained significantly versus the yen, which has been volatile as the end of Japan's fiscal year approaches.

6. The Hang Seng is up 2.06%, and the FTSE 100 is up by 1.07%.

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