Moving forward, the global stock markets could witness the affects of the news which is associated with the trade battle between the United States and China. The geopolitical worries as well as economic uncertainties can affect the global momentum of stock markets and these might negatively impact global business environment which an act as a huge hurdle to economic growth. In the current scenario, it could be assumed that market players need to carefully track trade talks as any kind of news from this front can influence the movement of the markets.
The settlement of the trade battle can reduce the tensions which are in the minds of the global investors about the global economic slowdown. If these tensions are reduced, they might deploy their investable capital towards equities. On July 10, 2019, Dow Jones Industrial Average was closed at 26,860.20 which reflects the rise of 76.71 points or 0.29% on an intraday basis. However, on same day, S&P 500 Index was ended in green as the index closed at 2,993.07, reflecting a rise of 13.44 points or 0.45%.
Investors Should Keep Their Eyes on July Federal Reserve Meeting
Recently, there were expectations among the market players that the Federal Reserve might become less dovish after the robust US jobs report. However, it seems like that is not the case. The Federal Reserve’s comments with respect to the interest rates have the potential to significantly affect the broader momentum of stock markets and can also influence the sentiments of market players. However, still, the market players need to closely watch the US Federal Reserve meeting as it can help in understanding the condition of the global economy.
Australian Markets Ended in Green: S&P/ASX200 Witnesses A Rise By 0.4%
The Australian equity markets might be affected by the movement of global stock markets and by the broader performance of economy of Australia. The settlement of trade battle between the United States as well as China can positively affect Australian economy and equity markets in Australia. On July 11, 2019, S&P/ASX200 ended at 6,716.1, implying a rise of 26.3 points or 0.4% on an intraday basis.
Talking about the performance of individual stocks on July 11, Resolute Mining Limited (ASX: RSG) and Cooper Energy Limited (ASX: COE) closed in green as the share prices have witnessed the rise of 9.747% and 8.738%, respectively on an intraday basis. On the same day, Sims Metal Management Limited (ASX: SGM) and Platinum Asset Management (ASX: PTM) got ended in red as their stock prices have fallen by 3.857% and 3.4%, respectively on an intraday basis. We have provided some important information on the Australian stocks which are listed on ASX that the market participants should know. We have provided some crucial information on three stocks which are operating in the mining sector (i.e. Syrah Resources Limited, Whitehaven Coal Limited and OZ Minerals Limited). In order to read the information provided, please click here.
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