As the market players are aware, the stock markets globally are very sensitive to the macro-economic factors and to the news about the geopolitical factors. The tensions related to the trade battle between the US and China have the potential to significantly affect the broader movement of equity markets. However, in the present scenario, it can be said that the investors should mainly be focusing towards the G20 summit which could be termed as the critical event that could influence the broader equity markets.
The settlement of the trade battle might positively impact the stock markets and can prompt the investors to make deployments towards the equities. If the deployments towards the equity asset class increases, it could favourably impact the stock markets. Also, the market players are expecting that the US Federal Reserve might go for rate cuts. Notably, in the recent meeting, the central bank of the US had kept the interest rates on hold. Yesterday (i.e. June 24, 2019), Dow Jones Industrial Average got ended at 26,727.54 which implies a rise of 8.41 points or 0.03% on an intraday basis. On the other hand, S&P 500 Index was ended at 2,945.35 which reflects a decline of 5.11 points or 0.17% on an intraday basis.
Macro-Economic Factors Might Affect the Movement of Oil Prices
The oil prices are very sensitive to the overall health of global economy and a rise in global uncertainties can influence the movement of oil prices. However, macro-economic factors and various geopolitical factors also have the potential to affect the prices of oil. An increase in economic uncertainties could influence the momentum of stock markets and oil demand. If the demand of oil comes into question, the oil prices might also get affected.
Australian Markets Ended in Red: S&P/ASX200 Falls By 0.1%
The Australian stock markets might be negatively impacted if the trade tensions between the US and China does not end largely because it could derail the prospects of global growth. If economic uncertainties increase, it might prompt the investors to liquidate their present equity holdings. Today (i.e. June 25, 2019), S&P/ASX200 was closed at 6,658 which implies a fall of 7.4 points or 0.1% on an intraday basis. We will now be having a look at the movement of the stocks. Saracen Mineral Holdings Limited (ASX: SAR) and St Barbara Limited (ASX: SBM) ended the session in green as their stock prices have witnessed a rise of 6.061% and 5.479%, respectively.
On the other hand, Sandfire Resources NL (ASX: SFR) and Nearmap Ltd (ASX: NEA) were closed in red as their prices have fallen by 11.174% and 7.767%, respectively. We have provided important information about some of the ASX listed stocks. The ACCC (or Australian Competition and Consumer Commission) had raised concerns over Automotive Holdings Group Limited (ASX: AHG) and AP Eagers Limited (ASX: APE) merger. To read the full news about the same, please click here. Also, we have provided some crucial information about Metcash Limited (ASX: MTS). To read about the information, please click here.
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