Market Update: Dow Jones Industrial Average Got Ended In Green. Some Positive News Related To Trade Tensions

Market Update: Dow Jones Industrial Average Got Ended in Green. Some Positive News Related To Trade Tensions

The equity markets are very sensitive to the news related to the trade war and any positive or negative news have the potential to influence the markets significantly. The trade tensions can be a big barrier in the path of global growth, and these tensions might negatively impact the sentiments of market players. As a result, the investors can decide to sell their holdings which, generally, leads to the downward momentum in the broader equity markets. However, if the trade dispute settles down, it might positively impact the sentiments of market players which, in turn, might favourably impact the momentum of equity markets. In the present scenario, the market trackers are hoping that the US might postpone the imposition of tariffs on the imports from Mexico. As of now, it can be said that this news has positively impacted the sentiments of market players.

Yesterday (i.e. June 6, 2019), Dow Jones Industrial Average got ended in green as the index witnessed a rise of 181.09 points or 0.71% on an intraday basis and got ended at 25,720.66. Also, on the same day, S&P 500 index got closed at 2,843.49 which implies a rise of 17.34 points or 0.61% on an intraday basis.

Oil Prices Get Affected by Performance of Broader Economy

The oil prices are sensitive to the overall health of global economy and to broader movement of the equity markets. The geopolitical tensions and economic uncertainties can negatively impact the performance and growth prospects of global economy and, as a result of this, the oil prices might get influenced. These factors affect the prices of oil mainly because global tensions can influence the demand of oil.

Australian Markets Ended in Green: S&P/ASX200 Witnesses a Rise of 0.9%

The Australian equity markets can be impacted by a rise in global tensions and economic uncertainties. The worries about slowdown in global economic growth can impact the sentiments of Australians and, as a result, the equity markets in Australia might witness an unfavourable impact. Today (i.e. June 7, 2019), S&P/ASX200 got closed at 6,443.9 which implies a rise of 60.9 points or 0.9% on an intraday basis. We will now have a look at the performance of some stocks. On June 7, 2019, GrainCorp Limited (ASX: GNC) and Beach Energy Limited (ASX: BPT) got closed in green as their stock prices have witnessed a rise of 5.966% and 4.762%, respectively on an intraday basis.

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On the other hand, Resolute Mining Limited (ASX: RSG) and Syrah Resources Limited (ASX: SYR) got closed in red as their prices have witnessed the fall of 7.727% and 3.636%, respectively on an intraday basis. To get the broad overview of the penny stocks and in order to have a deep understanding of the penny stocks, you may have a look at this article. Also, to understand about Zip Co Limited (ASX: Z1P), Afterpay Touch Group Limited (ASX: APT) and Splitit Payments Ltd (ASX: SPT), please click here.


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