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It can be assumed that the market participants are again worried about the slowdown in the growth of the global economy. The weaker Chinese economy could be the primary reason for the increased worries of the global market players. The weakness which is being reflected in the Chinese economy clearly states that the trade war has the potential to derail the growth prospects. Further, the market participants are of the view that more measures need to be announced by the Chinese officials in order to provide the much-needed support to the broader economy. Moreover, the weaker Chinese economy also suggests that the trade war between the US and China needs end as soon as possible otherwise the impact could be huge which could negatively impact the sentiments of the global markets.
Therefore, it can be said that moving forward, the global markets would be very sensitive to the macro-economic news as well as news related to the trade battle between the US and China. However, the efforts are being made so that the trade battle ends as soon as possible. The increased tensions related to the global growth could prompt the market players to stay away from risky investments like equities.
Oil Prices Might Also Get Impacted by Rising Fears
If the global markets are expected to get impacted by the rising tensions about the global economic slowdown, the oil prices are not an exception. Also, the fall in the equities increases the fears about the oil demand which negatively impacts the oil prices. There are expectations that the oil prices would primarily be sensitive to the news about the global growth as well as about the trade wars. Therefore, for the stabilization of the oil prices, the trade needs to end permanently. The trade wars have the potential to disrupt the global economic environment, and it could also negatively impact business investments.
Australian Markets Closed in Red
Today, the Australian markets ended the session on the weaker note. On January 22, 2019, S&P/ASX200 closed at 5858.8 which implies the fall of 31.6 points or 0.5%. Moving forward, the Australian markets would largely be sensitive to the news related to the broader Chinese economy. The economic growth of China was 6.6% in 2018 which have significantly impacted the sentiments of the global market players. The weakness in the economy like China could significantly derail the economic growth prospects.
On January 22, 2019, the stocks like Syrah Resources Limited (ASX:SYR) and Mayne Pharma Group Limited (ASX:MYX) have closed the session on the positive note as these stocks witnessed the rise of 5.699% and 4.908%, respectively. On the other hand, the stocks like Automotive Holdings Group Limited (ASX:AHG) and Pact Group Holdings Limited (ASX:PGH) have ended the session in red as these stocks fell by 4.18% and 3.618%, respectively. Imperial Pacific Limited (ASX:IPC) came forward and made an announcement about the H2 2018 financial results (unaudited). Read the full news here.
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