The Global markets are currently very sensitive to the global macro factors and the participants need to carefully track the global parameters before making decisions about the investments. However, yesterday Dow Jones closes the day by witnessing a marginal rise. It is important for the market players to know that they should carefully track the news related to the trade battle between the US and China. The geopolitical worries have the potential to significantly affect the broader momentum of the equity markets and these worries might also weigh over the sentiments of investors.
The decision of the US central bank with respect to the interest rates also affect the momentum of the equity markets. A rise in the interest rates, generally, negatively impacts the equity markets. However, earlier, the investors have taken a hint from the Federal Reserve’s comments that they would be patient about the interest rate hikes moving forward. Yesterday (i.e. March 14, 2019), Dow Jones got closed at 25,709.94 which implies the marginal rise of 7.05 points or 0.03% on an intra-day basis. However, on the other hand, S&P 500 Index ended yesterday’s session at 2808.48 which implies the marginal fall of 2.44 points or 0.09%.
Oil Prices Are Getting Influenced by OPEC’s Actions
As the market players might be aware, the oil prices get influenced by the prevailing global economic environment and also because of the news related to the trade battle between the US and China. The settlement of the trade war on a permanent basis might support the broader momentum of the equity markets and might also reduce the worries about the global slowdown. As a result, oil prices might get supported. Thus, the settlement of trade battle would be beneficial for the equity markets and also for the oil prices.
Australian Markets Ended in Red: ANZ Downgraded
The Australian markets closed the session in red as S&P/ASX200 closed marginally lower. This index got wrapped at 6175.2 which reflects the fall of 4.4 points or 0.1% Another important news for the Australian investors is that the Australia and New Zealand Banking Group Limited (ASX: ANZ) had been downgraded by some of the market analysts because of some concerns about the future performance. However, it does not seem to be the consensus view of the market analysts.
Talking about the performance of stocks, Emeco Holdings Limited (ASX: EHL) and Eclipx Group Limited (ASX: ECX) had ended the session on March 15, 2019 in green as the prices of these stocks witnessed a rise of 6.404% and 4.722%, respectively. On the other hand, the stocks like Syrah Resources Limited (ASX: SYR) and Perpetual Limited (ASX: PPT) had closed the session in red as the prices of these stocks fell 6.087% and 5.756%, respectively. APN Industria REIT (ASX: ADI) had declared distribution amounting to 4.25 cps for Q3 FY 2019. In order to read the full news, please click here. Also, Orcoda Limited (ASX: ODA) had provided an update on transport logistics contract win. In order to read the full news, please click here.
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