Moving forward, the global stock markets are expected to get influenced by the macro-economic factors and by the news which is associated with the trade battle between the US and China. The geopolitical tensions as well as economic uncertainties have the potential to disrupt the global momentum of stock markets and these can also weigh over the global business environment. In the present environment, it can be said that the market players need to closely track the trade talks between the US and China as any sort of news could influence the movement of markets.
The settlement of the battle can reduce the worries about the global growth and, as a result, the investors might deploy their investable capital towards the risky asset class (like equities). If this happens, the broader momentum of the stock markets can witness a favourable momentum. On Thursday (i.e. June 27, 2019), Dow Jones Industrial Average got closed at 26,526.58 which implies a fall of 10.24 points or 0.04% on an intraday basis. However, on the other hand, S&P 500 Index ended the session in green as it closed at 2,924.92 which implies a rise of 11.14 points or 0.38% on an intraday basis.
Oil Prices Are Sensitive To Macro-Economic Conditions
The movement of stock markets, overall health of global economy and several macro-economic parameters have the potential to influence the movement of the oil prices. The geopolitical tensions have the potential to disrupt the momentum of global growth and, additionally, they can also question the demand of oil. If the demand of oil gets affected, the oil prices might also get influenced. In order to bring overall stability, the trade battle between the US and China needs to end on the permanent basis.
Australian Markets Ended in Red: S&P/ASX200 Falls By 0.7%
The Australian equity markets are expected to be affected by the movement of the global stock markets and by the performance of the Australian economy. The settlement of trade battle between the US and China can positively impact the broader Australian economy. On Friday (i.e. June 28, 2019), S&P/ASX200 ended in red as it got closed at 6,618.8 which implies a fall of 47.5 points or 0.7% on an intraday basis. Talking about the performance of stocks, Pact Group Holdings Ltd (ASX: PGH) and Bellamy’s Australia Limited (ASX: BAL) got ended in green as the prices of these stocks have encountered a rise of 9.843% and 4.528%, respectively on an intraday basis.
On the other hand, Afterpay Touch Group Limited (ASX: APT) and Bravura Solutions Limited (ASX: BVS) were closed in red as their prices fell by 9.917% and 4.519%, respectively. We have written some of the important information about the stocks listed on Australian Securities Exchange (or ASX). We have provided updates on consumer discretionary stocks (i.e. Tabcorp Holdings Limited, Aristocrat Leisure Limited and Crown Resorts Limited) which the market players should know. To have a look at the updates provided, please click here.
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