AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
As the market players are aware, macro-economic factors, as well as sentiments of market players, might affect the broader momentum of stock markets. Any sort of negative news with respect to the trade battle have the potential to dent the prospects of global growth. In the event of global economic slowdown, market players tend to liquidate their holdings in equities, and they might decide to deploy the investable capital towards safer instruments. In the present scenario, it looks like there is positive news with regards to the trade war in the market.
A permanent end to the trade war can positively impact the sentiments of market players, and investors might decide to deploy their funds towards the equity asset class. Also, market investors need to track the US Federal Reserve meeting, which is scheduled on September 17-September 18, 2019. Coming to the performance on September 5, 2019, Dow Jones Industrial Average ended the session in green, as the index registered an increase of 372.68 points or 1.41% on an intraday basis to end the session at 26,728.15. On the same day, S&P 500 Index witnessed a rise of 38.22 points or 1.30% to settle at 2976.00.
Oil Prices Might Get Affected If Trade Tensions Increase
Trade battle between the US and China needs to end soon, as it could significantly derail the global growth momentum. Demand for oil might get influenced, if the war does not end, which could, in turn, affect the prices of oil. Apart from the oil demand, prices are also affected by the movement of broader stock markets.
Australian Markets Ended in Green: S&P/ASX200 Closes by Rising 0.5% Intraday
Performance of the global stock markets as well as overall health of the global economy can influence the performance of stock markets in Australia. Also, equity markets are sensitive to the performance of broader economy of Australia. Additionally, if the trade war ends, Australian markets might witness positive impacts. Coming to the performance on September 6, 2019, the Australian markets closed in green, as S&P/ASX200 posted an increase of 34.1 points or 0.5% on an intraday basis. On the same day, All Ordinaries witnessed a rise of 0.5% to end the dayâs session at 6752.7.
We will now have a look at the performance of individual stocks on the Australian Securities Exchange (or ASX). On September 6, 2019, Speedcast International Limited (ASX: SDA) witnessed an increase of 9.607% on an intraday basis to end the session at A$1.255 per share, while Cooper Energy Limited (ASX: COE) rose by 5.983% and settled at A$0.620 per share. However, on the other hand, Pro Medicus Limited (ASX: PME) and Charter Hall Group (ASX: CHC) encountered a fall of 12.088% and 5.699%, respectively, on an intraday basis.
We have provided information on three stocks i.e. NAN, PNI and NEA and the investors can have a look at the information by clicking here.
SDA Daily Technical Chart (Source: Thomson Reuters)
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