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As the market trackers are aware, the movement of the stock markets is sensitive to the news which is related to the global macro-economic conditions and to the trade fight between the US and China. It can be assumed that, in the previous week, the global market players were waiting for the G20 summit. However, now the market players are aware that the United States and China would not be imposing tariffs for the time being. This is the positive sign for the global markets as the settlement of trade battle could help in improving the prospects of the broader economic growth. The settlement of the trade fight is very crucial as it could also bring the stability in the broader stock markets.
The economic uncertainties could be a major threat to the global economic growth and, if the uncertainties increase, the market players generally avoid making deployments towards the stock markets. On Friday (i.e. June 28, 2019), Dow Jones Industrial Average was closed in green as it was wrapped up at 26,599.96 which reflects a rise of 73.38 points or 0.28% on an intraday basis. Also, on the same day, S&P 500 Index got ended at 2,941.76 which implies an increase of 16.84 points or 0.58% on an intraday basis.
Oil Prices Are Sensitive to Health of Global Economy
The oil prices are generally influenced by the global economic parameters and by the macro-economic variables. The factors which have the potential to influence the health of the global economy can also affect the oil prices. In the event of economic downturn, the demand of oil comes into question and, as a result of this, the prices of oil gets influenced.
Australian Markets Ended in Green: S&P/ASX200 Increases By 0.4%
The Australian markets are expected to get positively impacted if the trade tensions between the US and China reduces and if the prospects of the broader economic growth becomes visible. The performance of Australian economy is very sensitive to the performance of the global economy. Today (As at July 1, 2019), S&P/ASX200 was settled at 6648.1 which reflects an increase of 29.3 points or 0.4% on intraday basis. We will now be having a look at how the ASX stocks have performed today. Galaxy Resources Limited (ASX: GXY) and Link Administration Holdings Limited (ASX: LNK) got ended in green as the prices of the stocks rose by 7.347% and 5.2%, respectively on an intraday basis.
On the other hand, Resolute Mining Limited (ASX: RSG) and Northern Star Resources Ltd (ASX: NST) were closed in red as their stock prices fell by 4.869% and 4.034%, respectively. We now advise the market players to go through some of the crucial information which we have provided about the stocks listed on ASX. We have provided some important information on three media and entertainment stocks (i.e. Nine Entertainment Co. Holdings Limited, Southern Cross Media Group Limited and Seven West Media Limited). To read the content provided, please click here.
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