Market Update: Dow Jones Ended Marginally Lower. Fears Of Global Slowdown Looming Over Investors’ Minds

Market Update: Dow Jones Ended Marginally Lower. Fears Of Global Slowdown Looming Over Investors’ Minds

Market participants, in the present scenario, have fears of global economic slowdown and a rise in the global economic uncertainties can severely impact the sentiments of these market participants. The trade battle between the US and China could lead to global economic slowdown and can prompt investors to sell their present holdings in equities. In the current scenario, global market participants are fearing the risks of recession. The viewpoint of the US Federal Reserve with respect to interest rates is also very important and can influence the decision of market players.

The trade battle can affect the business activities of large global companies and can also hamper their top and bottom-line numbers. It can be said that the battle settlement is of utmost importance for the benefit of global business environment. On August 7, 2019, Dow Jones Industrial Average closed the session at 26,007.07, reflecting a fall of 22.45 points or 0.09% on an intraday basis. On the other hand, the S&P 500 Index encountered a rise of 2.21 points or 0.08% on an intraday basis.

Australian Markets Ended in Green: S&P/ASX200 Rises By 0.7% Intraday

The Governor of Reserve Bank of Australia, Philip Lowe, recently stated that, in China, authorities adopted certain steps in order to help the economy and they are also addressing risks in the financial system. Additionally, it was stated that the economic growth in Australia in 1H of the year was lower than anticipated. We would now be having a look at how the Australian markets have performed.

On August 8, 2019, S&P/ASX200 encountered a rise of 48.6 points or 0.7% on an intraday basis to close the session at 6,568.1 and, on the same day, All Ordinaries witnessed a rise of 53.8 points or 0.8% on an intraday basis to end the session at 6,642.3. The Australian economy can witness the impacts of global slowdown and, as a result, the Australian equities could also be influenced. In the event of global economic slowdown, investors in Australian markets might decide to avoid making deployments in equities. A permanent settlement of the trade war might positively impact the Australian economy and equities.

On August 8, 2019, Galaxy Resources Limited (ASX: GXY) witnessed a rise of 10.917% to close the session at A$1.270 per share and Pilbara Mineral Limited (ASX: PLS) encountered a rise of 8.235% on an intraday basis to settle at A$0.460 per share. However, Insurance Australia Group Limited (ASX: IAG) witnessed a fall of 4.95% to end the session at A$7.680 per share, while AGL Energy Limited (ASX: AGL) encountered a decline of 4.6% to close the session at A$19.080 per share.

We have provided some information on the stocks and we advise the investors to have a quick glance at the same. We have written some updates on five energy players (i.e. WEL, ADX, BYE, BPT and SXY). To have a quick look on the information, please click here.


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