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As the market players are aware, global economic growth is sensitive to the news that is related to the trade war between the US and China. Any kind of positive news from the trade battle front have the potential to positively impact the sentiments of market players and can also favourably impact the broader stock markets. In the current economic scenario, it can be said that investors are having fears of the global slowdown in their minds. However, Chinese authorities have come up with some sort of measures that might reduce the fears of the global economic slowdown. The settlement of the trade war can also help the broader momentum of stock markets.
In the event of the slowdown, market players tend to prefer making deployments towards safer asset classes. Investors also need to track the US Federal Reserve meeting, which would be conducted soon and can provide some useful insights about the global economy. Coming to the performance on September 6, 2019, Dow Jones Industrial Average closed the dayâs session in green, as the index witnessed an increase of 69.31 points or 0.26% on an intraday basis and was settled at 26,797.46. On the same day, S&P 500 Index witnessed an increase of 2.71 points or 0.09% to settle at 2,978.71.
Global Macro-Economic Factors Can Influence Oil Prices
Oil prices are sensitive to oil demand and other macro-economic factors. If the global growth comes into question, it might affect oil prices. In the present scenario, it can be said that the trade battle between the US and China can be a big threat to global growth. Therefore, the settlement of the war is very important.
Australian Markets Ended in Green: S&P/ASX200 Rises 0.7 Points
Australian markets are sensitive to the overall health of the global economy and, if global growth comes into danger, it might disrupt the broader momentum of Australian equities. However, it is also important to note that the settlement of war can positively impact the sentiments of Australian investors and they might decide to deploy the investable capital towards Australian markets. Talking about the performance on September 9, 2019, S&P/ASX200 witnessed a rise of 0.7 points to end the dayâs session at 6,648. On the same day, All Ordinaries encountered an increase of 0.1% or 7.4 points on an intraday basis to settle at 6,760.1.
We will now be having a look at how certain stocks have performed on ASX. On September 9, 2019, Orocobre Limited (ASX: ORE) witnessed an increase of 5.556% on an intraday basis to settle at A$2.660 per share, while on the same day, TPG Telecom Limited (ASX: TPM) rose by 5.452% to close the session at A$6.770 per share.
We have provided crucial information on the stocks for the investors. Recently, important information was given on four stocks (i.e. PLS, PCK, STX and Z1P). In order to have a quick look, please click here.
ORE Daily Technical Chart (Source: Thomson Reuters)
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