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It can be said that investors are keeping a close track of the developments with respect to the trade battle between the US and China and they have every reason to do so, as the war could affect the prospects of global growth. Any kind of positive developments could favourably impact the sentiments of investors and broader equity markets. In the event of global slowdown, investors generally decide to deploy their capital towards safer instruments rather than in equities. Presently, it can be said that investors are aware of the positive developments with respect to the trade war. However, a permanent end to the battle is of utmost importance.
The war could have adverse impacts on the core business operations of global companies which could, in turn, weigh over the financial numbers and outlook of the companies. Coming to the performance on September 12, 2019, Dow Jones Industrial Average ended the session in green, as the index encountered an increase of 45.41 points or 0.17% on an intraday basis to end the session at 27,182.45. On the same day, S&P 500 Index rose by 0.29% or 8.64 points to settle at 3,009.57.
Movement of Stock Markets Might Affect Oil Prices
Oil prices are sensitive to the health of the global economy and to the news associated with the trade battle between the US and China. In the event of economic slowdown, demand for oil might get influenced, which could, in turn, affect the prices of oil. Also, it is worth noting that the movement of the broader equity markets might influence oil prices.
Australian Markets Closed in Green: S&P/ASX200 Rises By 0.2%
It can be said that the movement of global stock markets influences the Australian markets as well. In the event of slowdown, the Australian economy might witness some sort of negative impacts that can impact the broader Australian equity markets. However, the settlement of the war could favourably impact the Australian economy. Coming to the performance on September 13, 2019, S&P/ASX200 witnessed a rise of 14.3 points or 0.2% on an intraday basis to close the session at 6669.2. On the same day, All Ordinaries encountered an increase of 11.4 points or 0.2% on an intraday basis to close at 6777.1.
Let us now have a quick look at how individual stocks have performed on the Australian Securities Exchange. On September 13, 2019, NIB Holdings Limited (ASX: NHF) encountered an increase of A$0.320 per share or 4.463% on an intraday basis to end at A$7.490 per share while Qantas Airways Limited (ASX: QAN) rose by 2.236% to end at A$6.400 per share. On the other hand, Pro Medicus Limited (ASX: PME) and Appen Limited (ASX: APX) witnessed a fall of 5.66% and 4%, respectively.
We have provided important information on stocks related to the resources sector (i.e. KDR, CVN, NCZ and COE). In order to view, please click here.
NHF Daily Technical Chart (Source: Thomson Reuters)
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