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In the current economic scenario, it can be said that global stock markets are getting influenced by the developments with respect to the trade battle between the US and China. If the developments are positive, sentiments of investors are positively impacted which, in turn, positively impacts the broader stock markets. If the global economy gets favourably impacted, investors might decide to deploy their investable capital towards equities, thereby helping the broader stock markets. Presently, it can be said that the investors are worrying about the trade battle between the US and China and a settlement is of utmost importance.
A permanent end to the war could help the broader economy and the companies that are carrying out operations at a global level. Needless to say, the US Federal Reserve meeting also holds significance and global investors should also track the same. The meeting has been scheduled to take place on September 17-September 18, 2019. Coming to the performance on September 13, 2019, Dow Jones Industrial Average closed the dayâs session at 27,219.52, which implies a rise of 37.07 points or 0.14% on an intraday basis. On the other hand, there was a decline of 2.18 points or 0.072% on an intraday basis to end at 3,007.39.
Oil Prices Might Get Affected By Stock Marketsâ Movement
The movement of broader stock markets as well as macro-economic parameters are the primary factors that have the potential to influence the broader movement of stock markets. In the event of economic slowdown, oil demand might come into question and could influence the oil prices. Presently, it can be said that the oil prices were affected by the attack on oil facilities in Saudi Arabia and it could have a impact on the global supply.
Australian Markets Ended in Green: S&P/ASX200 Increases By 0.1% Intraday
It can be said that the Australian markets are generally affected by the performance of global markets and Australian economy. If the trade war does not end on the permanent basis, it could weigh over Australian economyâs performance. Coming to the performance on September 16, 2019, S&P/ASX200 ended the session in green, as the index witnessed a rise of 4.3 points or 0.1% on an intraday basis to end at 6673.5. On the same day, All Ordinaries encountered an increase of 0.1% or 4.9 points to end the session at 6782.
Talking about the performance of stocks, Bellamyâs Australia Limited (ASX: BAL) witnessed an increase of 54.928% to end the session at A$12.890 per share, while Blackmores Limited (ASX: BKL) rose by 9.403% to end at A$84.000 per share. On the other hand, Sims Metal Management Limited (ASX: SGM) and Qantas Airways Limited (ASX: QAN) witnessed a fall of 13.286% and 4.531%, respectively, on an intraday basis.
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BAL Daily Technical Chart (Source: Thomson Reuters)
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