As the market players are aware that there are increased fears of the global economic slowdown which might hamper the broader momentum of equity markets. It can be said that the trade battle between the US and China is one of the primary reasons that global investors are fearing a slowdown. Therefore, in the present scenario, the equity markets are very sensitive to the news related to the trade dispute. A settlement of the trade battle can significantly help the markets and it can also improve the sentiments of investors. Also, it can be said that the efforts are being to resolve the trade battle and investors are closely tracking the news related to it.
If the trade battle gets resolved, it can be said that the investors might decide to make deployments towards equities which could provide support to the broader momentum of the markets. Yesterday (i.e. April 3, 2019), Dow Jones Industrial Average got closed at 26,218.13 which implies a rise of 39 points or 0.15% on an intraday basis. Also, S&P 500 Index got closed at 2,873.40 which implies a marginal rise of 6.16 points or 0.21%.
Worries About Slowdown Might Weigh Over Oil Prices
The oil prices are very much sensitive to the health of the global economic environment and the worries about global slowdown can negatively impact oil prices. If there are worries about slowdown, the demand of oil is questioned, and which might impact the oil prices. However, since an end to the trade battle might reduce the fears of the global downturn, the settlement might also positively impact the oil prices. It is also important to know that oil prices are also influenced by the movement of the broader equity markets.
Australian Markets Closes in Red: S&P/ASX200 Falls 0.8%
Today (i.e. April 4, 2019), Australian markets closed the session in red as S&P/ASX200 index got closed at 6,232.8 which implies a fall of 52.2 points or 0.8% on an intraday basis. The Australian equity markets get influenced by the global macro-economic environment and the reduction in the worries about global economic slowdown might help the broader markets. Coming to the performance of stocks, Syrah Resources Limited (ASX: SYR) and Eclipx Group Limited (ASX: ECX) had closed the session in green as their prices have witnessed the rise of 13.025% and 7.792%, respectively on an intra-day basis.
On the other hand, the stocks of Inghams Group Limited (ASX: ING) and Emeco Holdings Limited (ASX: EHL) have closed the session in red as their prices have fallen 6.321% and 5.224%, respectively on an intraday basis. Coming to some of the important news, Magellan Financial Group (ASX: MFG) came forward and gave an update for funds under management for March 2019. To read the full news about the same, please click here. Also, Lucapa Diamond Company Limited (ASX: LOM) had signed funding and refinancing agreements and strengthens the financial position. To read the full news about this, please click here.
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