Market Update: Dow Jones Ended in Red. What Factors Should Market Players Focus On?

  • Jun 13, 2019 AEST
  • Team Kalkine
Market Update: Dow Jones Ended in Red. What Factors Should Market Players Focus On?

The equity markets are generally influenced by the macro-economic factors and by the news which is related to the global economy. If the economic uncertainties increase, the sentiments of the market players get negatively impacted and there is a high probability that they might avoid making deployments in the equities. As a result of this, the global markets witness a fall. In the present scenario, it can be said that the trade worries between the US and China is the primary factor which the market players should focus on and which could influence the broader movement of the markets.

Additionally, there are expectations that the US Federal Reserve might go for a rate cut so that the conditions with respect to global economy stabilize. Therefore, it can be said that the market players need to closely track the meeting of the US Federal Reserve. The meeting can also help in providing the broader view of the global economy. Yesterday (i.e. June 12, 2019), Dow Jones Industrial Average got ended in red as the index got closed at 26,004.83 which implies a fall of 43.68 points or 0.17% on an intraday basis. Also, on the same day, S&P 500 Index was closed at 2,879.84 which reflects a fall of 5.88 points or 0.20% on an intraday basis.

Oil Prices To Remain Sensitive To Global Parameters

The oil prices can also be influenced if the global uncertainties and worries about slowdown increases. This is largely because in the event of global slowdown the demand of oil comes into questions, thus, the oil prices are affected. Also, the movement of stock markets can influence the oil prices. Therefore, the trade battle has the potential to significantly affect the movement of oil prices. The trade war between the US and China needs to be ended so that the tensions related to the slowdown gets reduced.

Australian Markets Got Closed in Red: S&P/ASX200 Witnesses A Marginal Fall

The Australian equity markets are influenced by the broader momentum of the global markets. If there is an increase in global growth worries, the Australian economy can be impacted, and this could also negatively impact the equity markets in Australia. Today (i.e. June 13, 2019), S&P/ASX200 got closed at 6,542.4 which reflects a marginal fall of 1.3 points. We will now be having a look at the movement of some stocks. Bingo Industrial Limited (ASX: BIN) and Coca-Cola Amatil Limited (ASX: CCL) got ended in green as the prices of these stocks have witnessed a rise of 5.076% and 2.61%, respectively on an intraday basis.

On the other hand, Afterpay Touch Group Limited (ASX: APT) and Challenger Limited (ASX: CGF) got closed in red as the prices of these stocks have fallen by 12.051% and 9.031%, respectively. Also, we have provided the latest updates on three stocks (i.e. Marquee Resources Limited, Ruralco Holdings Limited and Helloworld Travel Limited) which we think investors should know. To have a look at the updates which we have provided, please click here.


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