Market Update: Dow Jones Ended in Red. Investors Need to Be Focused Towards G20 Summit

The movement of global stock markets is very sensitive to the news which is associated with the trade battle between the US & China, and other macro-economic variables. Not so long ago, it can be said that the global market players were closely tracking the US Federal Reserve meeting. As we know that the important meeting ended with Federal Reserve keeping the interest rates unchanged. It was important for the market players to track the meeting largely because it provides the broader overview of the stock markets globally and a general idea of how the global economy has performed or how it could perform moving forward.

However, it can be assumed that, in the next week, the global investors would be waiting for the G20 summit. The summit can be considered as a primary factor which could be responsible for the movement of stock markets because it would consist of the trade talks between the US and China. On June 21, 2019, Dow Jones Industrial Average ended the day in red as the index was closed at 26,719.13 which implies a fall of 34.04 points or 0.13%. However, S&P 500 index was also down by 3.72 points or 0.13% and was closed at 2,950.46. The next week could be a crucial one for the broader movement of the global stock markets.

Oil Prices Could Be Affected by Macro-Factors, Stock Markets’ Movement

The oil prices are affected by several factors like geopolitical tensions, movement of stock markets as well as by other macro-economic variables. However, in the present scenario, it could be said that these prices are being affected by the tensions between the United States and Iran. Also, the prices of oil can get affected by the trade talks between the US and China and, even for the investors which track the oil prices, the G20 summit is very important.

Australian Markets Ended in Green: S&P/ASX200 Rises 0.2%

In the recent past, as per the Minutes of June 2019 Monetary Policy Meeting, the Reserve Bank Board decided to lower the cash rate by 25 basis points to 1.25%, effective 5 June 2019. Today (i.e., 24 June 2019), the Australian markets ended the session in green territory as S&P/ASX200 got closed at 6,665.4, which represents a rise of 14.6 points or 0.2% on an intraday basis. We would now have a look at how some of the stocks have performed on ASX today. Ausdrill Limited (ASX: ASL) and Viva Energy Group Limited  (ASX: VEA) got closed in green as their stock prices witnessed a rise of 10.48% and 4.43%, respectively.

On the other hand, Metcash Limited (ASX: MTS) and NRW Holdings Limited (ASX: NWH) ended in red as their stock prices fell by 9.84% and 6.61%, respectively.

Let us now have a look at some of the important news of the day. Details on Imugene’s (ASX: IMU) unique platform technology. For reading the full news, please click here. Also, recent updates from energy and resource players listed on ASX – Byron Energy Limited (ASX: BYE); Sandfire Resources NL (ASX: SFR); Winchester Energy Limited (ASX: WEL) and Black Cat Syndicate Limited (ASX: BC8). For detailed news, please click here.


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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.

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