AUS
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As the market players are aware, the trade war between the US and China could disrupt global growth prospects and can also weigh over the sentiments of market players. The war could be a hurdle to global growth and can negatively impact the global business environment. The investors generally make deployments towards safer instruments when concerns about the global slowdown increases. The trade battle can also negatively impact key financial numbers and margins, as the war can influence principal activities of the companies which are carrying out operations on a global basis.
It is advisable to global market participants to also track the bond markets apart from keeping an eye on the broader equity markets. It can be said that a settlement to the war is what the investors want in the current scenario. Coming to the performance on August 27, 2019, Dow Jones Industrial Average ended the session in red, as the index fell by 120.93 points or 0.47% on an intraday basis to settle at 25,777.90. On the same day, S&P 500 Index witnessed a fall of 9.22 points or 0.32% on an intraday basis to end the session at 2869.16.
Oil Prices are Sensitive to News About Trade War
It can be said that, in the current scenario, there are many factors that could influence the demand for oil. If the oil demand gets affected, the prices of oil can also be influenced. The oil demand is sensitive to macro-economic environment and overall health of the global economy. The settlement of the trade battle can positively impact the global economy.
Australian Markets Ended in Green: S&P/ASX200 Rises by 0.5% On An Intraday Basis
Australian equity markets are sensitive to the performance of global stock markets as well as to the health of the global economy. A rise in economic uncertainties can significantly weigh over the sentiments of Australian investors. It needs to be noted that the settlement of the trade battle could positively impact the broader Australian economy. Coming to the performance on August 28, 2019, S&P/ASX200 witnessed a rise of 0.5% or 29.4 points to settle at 6500.6. On the same day, All Ordinaries encountered a rise of 0.5% or 35.2 points on an intraday basis to end the session at 6600.8.
Coming to the performance of stocks, Appen Limited (ASX: APX) witnessed a rise of 10.765% on an intraday basis to end the session at A$27.370 per share, while on the same day, Afterpay Touch Group Limited (ASX: APT) encountered a rise of 9.316%. These increases were witnessed on an intraday basis. However, Speedcast International Limited (ASX: SDA) witnessed a fall of 33.186% to close the session at A$0.755 per share and Ardent Leisure Group Limited (ASX: ALG) ended the day at A$1.055 per share, which reflects a fall of 5.381%.
OZ Minerals Limited (ASX: OZL) has released its results, unveiling a decline of 65% in NPAT. To have a quick look at the news, please click here.
APX Daily Technical Chart (Source: Thomson Reuters)
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