On Thursday, the stock market was affected by a lot of factors.
These factors include the on-going trade war between the United States and China to the global growth as well as the Brexit and the European market.
There were fears of the escalation in the trade war after the Huawei incident in which the arrest of the CFO of the tech giant firm in Canada on the command of the United States, will strike the already existing rivalry between the two countries which are at the moment on a truce period.
This was calmed after a major order was placed by the China for the soyabeans of the United States which was the first in the time period of six months.
The Central Bank of Europe is expected to be ending its bond buying program and yet will be presenting a sad outlook on the growth.
And in the United Kingdom the attempts by the party of the Prime Minister to oust her from her position and power might have failed but that still means that Brexit is murky.
An analyst at FXTM, Lukman Otunuga stated, that the purchase of China has been witnessed as an escalating sentiment of the world as well as the boosting appetite for the assets that are riskier.
Despite this the global equity bulls have remained threatened by the concerns over the economic growth that is plateauing as well as the Brexit turmoil. This was combined with many other risk factors which are geopolitical.
There was a 1.2 percent increase in the Shanghai Composite whereas the Nikkei of the Japan also increased by 1 percent. The Nasdaq is almost set for posting a 0.3 percent gain when the United States Futures were flat broadly.
Source: BusinessInsider, USA Today
