Market Update: Dow Jones Industrial Average Ended In Green. What Lies Ahead?

Market Update: Dow Jones Industrial Average Ended In Green. What Lies Ahead?

The global equity markets are very sensitive to the macro-economic factors and the market participants can decide to liquidate their holdings if the global uncertainties increase. The global stock markets can also be negatively impacted if the trade wars between the US and China gets worse. Not so long ago, the market players were getting worried about the imposition of tariffs on the imports from Mexico. However, it is now expected that the Trump administration would not be levying tariffs on the imports from Mexico and it can be said that it has provided relief to the market participants to some extent.

If the trade battle between the US and China ends on the permanent basis, it might also positively impact the broader movement of the global stock markets. The reduction of global growth worries can prompt the market participants to deploy their investable capital towards equities. Yesterday (i.e. June 10, 2019), Dow Jones Industrial Average got ended in green as the index witnessed a rise of 78.74 points or 0.30% and got closed at 26,062.68. On the other hand, S&P 500 Index got ended at 2,886.73 which reflects a rise of 13.39 points or 0.47% on an intraday basis.

Oil Prices Might Get Affected If Economic Uncertainties Rise

As the market trackers are already aware, the oil prices are sensitive to the movement of stock markets and also to the global factors. Therefore, it can be said that the tensions related to the trade battle not only affects the global financial markets, but it also influences the movement of oil prices. This is because these types of geopolitical worries are expected to influence the demand of oil.

Australian Markets Got Ended in Green: S&P/ASX200 Witnesses a Rise of 1.6%

The Australian markets are expected to be positively impacted if the global tensions and the economic uncertainties get reduced. This is because the reduction in worries can prompt the Australian investors to make deployments in equities. However, the performance of broader Australian economy is very sensitive to the trade battle between the US and China. Today (i.e. June 11, 2019), S&P/ASX200 got ended at 6546.3 which implies a rise of 102.4 points or 1.6% on an intraday basis.

Coming to the movement of stocks, Nearmap Ltd (ASX: NEA) and Vocus Group Limited (ASX: VOC) got ended in green as the prices of these stocks have witnessed a rise of 9.375% and 8.877%, respectively on an intraday basis. On the other hand, The Star Entertainment Group Limited (ASX: SGR) and AGL Energy Limited (ASX: AGL) have witnessed a fall of 15.743% and 7.221%, respectively on an intraday basis.

In order to have a quick look at Australia’s Renewable Energy Space and four stocks related to it, please click here. Also, we have provided recent updates on two artificial intelligence (or AI) stocks named Dragontail Systems Limited (ASX: DTS) and Yojee Limited (ASX: YOJ). To have a broad overview of the same, please click here.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Checkout our Free Dividend Stocks Report

Specially made for income-hungry investors, Invest in growing Franked Dividends an opportunity that should not be missed.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report