AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
As the investors in the global markets know, in the current scenario, the equities are being affected by the geopolitical conditions and by macro-economic factors. Any negative news with respect to the trade battle between the US and China could disrupt the broader momentum of the stock markets and can also weigh over the sentiments of the market players. An increase in the economic uncertainties might prompt the investors to sell their present holdings and deploy their investable capital towards the safer instruments. It can be said that the fear of slowdown is still there in the minds of the investors.
The broader US markets can also get influenced by the comments from the US Federal Reserve Chairman Jerome Powell and by the decision related to the interest rates. The Federal Reserve meeting generally gives the broader idea of the global economy. On August 8, 2019, Dow Jones Industrial Average closed the session in green as the index encountered a rise of 371.12 points or 1.43% on an intraday basis. On the same day, S&P 500 Index rose by 54.11 points or 1.88% on an intraday basis to end the session at 2,938.09.
Oil Prices Could Be Affected by the Geopolitical Conditions
The movement of stock markets, global macro-economic conditions, and the overall health of the global economy can be considered as the primary factors which have the potential to influence the oil prices. These factors influence the demand of oil, which, in turn, affects the prices. Additionally, a rise in economic uncertainties can also be detrimental to the health of the global economy.
Australian Markets Ended in Green: S&P/ASX200 Rises 0.2% On an Intraday Basis
The Australian economy might be negatively impacted if the trade battle between the US and China becomes out of control. The trade war could also weigh over the broader business environment and dampen the prospects of economic growth. Any sort of geopolitical tensions can influence the business activities of large global companies and can also affect their financial performance. On August 9, 2019, S&P/ASX200 ended the session in green as the index rose by 16.3 points or 0.2% on an intraday basis and All Ordinaries witnessed an increase of 0.3% or 21.1 points.
Coming to the performance of stocks, James Hardie Industries plc (ASX: JHX) encountered a gain of 14.045% on an intraday basis to close the session at A$21.680 per share. On the same day, AMP Limited (ASX: AMP) rose by 11.561% to end the session at A$1.930 per share. However, Mirvac Group (ASX: MGR) fell by 3.235% to settle at A$3.290 per share and Resolute Mining Limited (ASX: RSG) encountered a fall of 3.155% and was closed at A$1.995 per share.
We have provided some key information about the stocks and we believe that investors need to have a look at the same. We have provided information on four stocks (i.e. CVT, ISX, AB1 and PGL). In order to have a quick glance at it, please click here.
JHX Daily Technical Chart (Source: Thomson Reuters)
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