It can be said that the global equity markets are sensitive to the macro-economic conditions and a rise in the economic worries have the potential to derail the global growth prospects. The global investors might decide to liquidate the holdings and can also reduce their allocations towards equities if worries about global slowdown increases. Also, the market participants should keep a close track of the US Federal Reserve meeting as it could give some hints about the broader economy. The movement of the US equity markets is sensitive to the comments of the Chairman of Federal Reserve.
However, any positive news with respect to the trade battle between the US and China has the potential to favourably impact the broader momentum of global equity markets. The permanent settlement of the trade battle can help in reviving the investors’ confidence and they might decide to deploy their funds towards equities. Yesterday (i.e. June 18, 2019), Dow Jones Industrial Average got closed at 26,465.54 which implies a rise of 353.01 points or 1.35% on an intraday basis. Also, on the same day, S&P 500 Index was closed at 2,917.75 which reflects an increase of 28.08 points or 0.97% on an intraday basis.
What Lies Ahead For the Oil Prices?
The oil prices are sensitive to the overall health of global economy and to the news related to the macro-economic conditions. Another factor which has the potential to affect the movement of oil prices is the movement of the stock markets. However, geopolitical tensions like the trade battle between the US and China and other economic uncertainties can put a question mark on the demand of oil. If the oil demand comes into question, there is a high probability that the oil prices would be influenced.
Australian Markets Ended in Green: S&P/ASX200 Rises By 1.2%
The performance of Australian equity markets is influenced by global macro-economic conditions and by the news about geopolitical matters. The trade tensions between the US and China can have a negative impact on the Australian markets. The rise in growth worries and in economic uncertainties can weigh over the broader performance of Australian economy. Today (i.e. June 19, 2019), S&P/ASX200 got closed at 6,648.1 which implies a rise of 78.1 points or 1.2% on an intraday basis. Coming to the performance of stocks, BlueScope Steel Limited (ASX: BSL) and Cooper Energy Limited (ASX: COE) got ended in green as the stock prices have witnessed a rise of 6.54% and 5.66%, respectively.
However, on the other hand, Pilbara Minerals Limited (ASX: PLS) and Link Administration Holdings Limited (ASX: LNK) got ended in red as their prices have fallen by 8.403% and 5.272%, respectively. We have provided some information on the three travel stocks (i.e. Webjet Limited, Flight Centre Travel Group Limited and Corporate Travel Management Limited) which we think the investors should know. To have a look at the same, please click here. Also, latest updates have been provided on two packaging stocks. To read about 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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.