It can be said that the market players are carefully tracking news associated with the trade battle between the US and China and it also important for them to keep track as the global markets are very sensitive to these types of news. Not so long ago, the market players were getting worried about a global economic slowdown, and the permanent settlement of the battle can reduce the fears of a global downturn. If this happens, there are expectations that the broader movement of equity markets might get supported. When the global disturbances get reduced, the investors, generally, decide to make deployments towards equities which supports the broader positive momentum.
However, it is also important for the market players to know that equity markets also get influenced by macro-economic factors also. Yesterday (i.e., April 3, 2019), Dow Jones Industrial Average got closed at 26,179.13 which implies a fall of 79.29 points or 0.30% on an intraday basis. However, on the same day, S&P 500 Index ended at 2,867.24 which reflects a marginal rise of 0.05 points on an intraday basis.
Understanding Factors Influencing Oil Prices
As the market trackers are aware, the oil prices tend to get affected by the health of the global economy. If the global disturbances increase, it might negatively impact oil prices. Also, if the fears of global slowdown rise, the oil demand might come into question which could also weigh over the oil prices. However, since an end to a trade battle between the US and China might reduce the global slowdown fears, the settlement might positively impact the oil prices as well.
Australian Markets Closed in Green: S&P/ASX200 Was Up 0.7%
The Australian markets closed today’s session in green as S&P/ASX200 got wrapped up at 6,285 which implies a rise of 42.6 points or 0.7% on an intraday basis. Yesterday, the Reserve Bank of Australia kept cash rate at 1.50% (i.e. unchanged from the previous levels). In the statement, Mr. Philip Lowe had stated that the labour market in Australia is robust. Coming to the performances of stocks, Syrah Resources Limited (ASX: SYR) and Domain Holdings Australia Limited (ASX: DHG) had closed today’s session in green as their prices have witnessed the rise of 8.182% and 8.178%, respectively.
However, the stock of Smartgroup Corporation Ltd (ASX: SIQ) and Sigma Healthcare Limited (ASX: SIG) had closed the session in red as their prices witnessed the fall of 8.282% and 4.545%, respectively. Coming to some of the important news, Classic Minerals Ltd (ASX: CLZ) had come forward and published the market update and the management is bullish on Forrestania Gold Project. In order to read the news, please click here. Also, NRW Holdings Limited (ASX: NWH) had made an announcement that they have been awarded with additional contracts through its subsidiaries. In order to read the full news about this, please click here. Spirit Telecom Limited (ASX: ST1) had made an announcement that it has entered an agreement to acquire LinkOne Group. To read the full news, please click here.
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