The global markets are getting influenced by several factors lately including the news about the trade battle between the US and China and the weaker US jobs report. The geopolitical worries and the disturbance in the macro-economic variables have the potential to derail the positive momentum of broader equity markets and can also prompt the market participants to liquidate their holdings in the risky asset classes like equities. Yesterday, the Dow Jones Industrial Average witnessed significant uptrend primarily because of the strong positive momentum in the technology sector. As the market players must be aware, the movement of the technology sector largely influences the movements in the broader equity markets.
Earlier, the sentiments of market players were weighed by the worries about the slowdown in global economic growth. If there is an increase in concerns about the global slowdown, the equity markets get negatively impacted. Yesterday (i.e., March 11, 2019), Dow Jones Industrial Average had ended the session at 25,650.88 which implies the rise of 200.64 points or 0.79% on an intraday basis. Also, S&P 500 Index ended the session in green as it got closed at 2783.30 which implies the rise of 40.23 points or 1.47% on an intraday basis.
Oil Prices Are Getting Influenced by Several Factors
The market players might already know that the oil prices are sensitive to the macro variables and the movement of the broader equity markets. However, it can be assumed that in the present scenario, the oil prices are getting affected by actions from the OPEC. It can also be said that the oil prices also witness the negative impact if the worries about the global economic slowdown increases. This is because it creates tension in the investors’ minds about oil demand. A fall in the oil demand might negatively impact the prices of oil.
Australian Markets Ends Marginally Lower: What You Should Know
The Australian markets ended the session in red as S&P/ASX200 index got closed at 6174.8 which reflects the marginal fall of 5.4 points or 0.1%. The performance of the global equity markets might affect the Australian markets’ performance. The settlement of trade battle between the US and China is beneficial for the broader Australian economy. Talking about the performance of stocks, WiseTech Global Limited (ASX: WTC) and Janus Henderson Group PLC (ASX: JHG) have ended the session in green as the prices of these stocks have witnessed the rise of 6.056% and 4.19%, respectively.
On the other hand, the stocks like Appen Limited (ASX: APX) and Syrah Resources Limited (ASX: SYR) have ended the session in red as the prices of these stocks fell 9.151% and 6.41%, respectively. Talking about some of the important news, Australis Oil & Gas Limited (ASX: ATS) had come forward and released its FY 2018 investor presentation. In order to read the full news, please click here. Calidus Resources Limited (ASX: CAI) had made an announcement about the appointment of Chief Operating Officer. In order to read the full news, please click here.
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