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It can be said that the global market players are concerned about the trade battle between the US and China as geopolitical worries have the potential to derail the global growth momentum. The investors are presently fearing that if trade talks did not end on the permanent basis, it could significantly impact the global economic growth. The rise in the worries about global downturn can also negatively impact the sentiments of global investors and they might decide to liquidate their holdings in equities. The increase in global disturbances can also impact the businesses of various companies which could in turn impact their profitability.
If the trade battle between the US and China ends on the permanent basis, it can help in reviving the sentiments of the global investors and they might decide to put their investable capital towards equities which could lead to a rise in equity markets. On May 8, 2019, Dow Jones Industrial Average closed the day in green as it got closed at 25,967.33 which reflects a slight rise of 2.24 points or 0.01%. However, on the same day, S&P 500 Index got closed at 2,879.42 which reflects the marginal fall of 4.63 points or 0.16% on an intraday basis.
Oil Prices To Remain Sensitive To Macro Factors
It can be said that the oil prices would remain sensitive to the global macro-economic variables and also to the overall health of global economy. Also, the oil prices might get influenced by the news about the trade battle between the US and China. If the permanent settlement does not happen, it might affect the oil demand. Another factor which could influence the oil prices is the movement of global stock markets.
Australian Markets ended in Green: A Quick Overview!
The Australian markets might be impacted by the global growth worries and by the news related to the US and China trade battle. If the worries about economic growth increases, it might weigh over the Australian equity markets. Today (i.e. May 9, 2019), S&P/ASX200 got closed in green as the index ended at 6,295.3 reflecting the rise of 26.2 points or 0.4% on an intraday basis. We will be having a look at the movement of certain stocks. As can be seen on ASX, Galaxy Resources Limited (ASX: GXY) and Orica Limited (ASX: ORI) closed in green as their stock prices encountered a rise of 7.492% and 5.63%, respectively.
On the other hand, Adelaide Brighton Limited (ASX: ABC) and GrainCorp Limited (ASX: GNC) got closed in red as their stock prices witnessed a fall of 10.263% and 4.266%, respectively. Let us now have a look at some important news. Caltex Australia Limited (ASX: CTX) came forward and made an announcement about the trading update. It also published its AGM presentation. In order to read the full news, please click here. Global Energy Ventures Limited (ASX: GEV) published the corporate presentation. In order to read the entire news about this, please click here.
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