The equity markets are very sensitive to the global macro-economic indicators as well as the geopolitical tensions. The positive macro news generally supports the momentum of broader markets. As the market players are aware, the global markets have earlier been impacted by the trade tensions between the US and China. However, the efforts have been made to settle the worries between the two countries. These trade tensions have the potential to hamper the global growth which could negatively impact the momentum of broader markets. However, the permanent settlement of the trade battle is expected to support the global equity markets and might also help in improving the investors’ sentiments.
Also, the market players need to know that the decision of the US Federal Reserve also influences the broader equity markets. The patient approach of the US Federal Reserve generally supports the broader equity markets’ momentum. However, the US central bank needs to move interest rates to keep a check on inflation. On March 1, 2019, Dow Jones ended the session in green and got closed at 26,026.32 which implies the rise of 110.32 points or 0.43% on an intraday basis. Also, on the same day, S&P 500 Index wrapped up the session at 2,803.69 implying the rise of 19.20 points or 0.69%.
What All Factors Might Affect Movement in Oil Prices?
The oil prices are also sensitive to the movement of global equity markets and any news from the macro level front. If the trade battle between the US and China settles down permanently, it would positively impact the oil prices because the settlement would help the global economy. With the settlement, the worries about the oil demand would diminish which would support the oil prices. The negative momentum in the equity markets increases the concerns for the oil demand which pulls down the oil prices.
Australian Markets Ends in Green
On March 4, 2019, the Australian Markets closed the session in green as S&P/ASX200 index ended at 6217.4 reflecting the rise of 24.7 points or 0.4%. If trade battle ends on a permanent basis, it would support the broader Australian markets. On March 4, 2019, S&P/ASX 200 Consumer Discretionary Sector (XDJ) ended the day at 2,340.7 which implies an intraday rise of 0.72%. Talking about the performance of stocks, Bellamy’s Australia Limited (ASX: BAL) and Bingo Industries Limited (ASX: BIN) had closed today’s session in green as the prices of these stocks witnessed the rise of 12.005% and 8.923%, respectively.
On the other hand, the stocks like Evolution Mining Limited (ASX: EVN) and Lynas Corporation Limited (ASX: LYC) had closed the session red as the prices of these stocks witnessed the fall of 5.556% and 4.805%, respectively. Security Matters Limited (ASX: SMX), as per release dated March 4, 2019, had entered in the collaboration agreement with BASF. Read the full news here. Jameson Resources Limited (ASX: JAL) had come forward and published their investor presentation for March 2019. Read the full news here.
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