As the market players are aware, the global markets are sensitive to economic data releases and corporate earnings. The favorable economic data generally positively impacts the broader momentum of equity markets as the investors try to increase their exposure towards equities. It can be said that, recently, the worries about the global economic growth slowdown were reduced in the minds of market participants thanks to the positive Chinese economic data. This sort of news was needed as the market players were getting worried about the global downturn. The favourable economic data of the economy which is as big as China is indeed good news for the investors.
Apart from the macro-economic data, the market trackers should carefully track the news about the corporate earnings of the US companies. The earnings season is also one of the important factors which have the potential to influence the movement in stock markets. Yesterday (i.e., April 17, 2019), Dow Jones Industrial Average got closed at 26,449.54 which implies a marginal fall of 3.12 points or 0.01% on an intraday basis. Also, S&P 500 Index got ended at 2,900.45 which reflects a fall of 6.61 points or 0.23% on the same day.
Oil Prices To Remain Sensitive To Global Factors
The oil prices are generally affected by global macro-economic factors and the health of the global economy. The movement of stock markets is another important factor which could influence the momentum of oil prices. Presently, it can be said that oil prices are getting influenced by the production cuts.
S&P/ASX200 Ends in Green: Labor Market Remains Strong
As per the media release by the Australian Bureau of Statistics, the trend unemployment rate of Australia stood at 5%. As per the release, trend monthly employment witnessed the rise by approximately 21,000 persons in March 2019. In the same period, full-time employment encountered the rise of 18,000 persons, as well as part-time employment, witnessed the rise of 3,000 persons. Today (i.e. April 18, 2019), S&P/ASX200 got closed at 6,259.8 which implies a rise of 3.4 points or 0.1% on an intraday basis. Coming to the stock price movements, Whitehaven Coal Limited (ASX: WHC) and Ardent Leisure Group Limited (ASX: ALG) had closed the session in green as their stock prices have witnessed the rise of 6.444% and 3.226%, respectively on an intraday basis.
Talking about some of the important news, Family Zone Cyber Safety Limited (ASX: FZO) had come forward and made an announcement that they would be raising $5.5 million with the help of share placement. In order to read the full news about this, please click here. Also, Duxton Water Limited (ASX: D2O) made an announcement that they have wrapped up $15 million placement. To read the full news, please click here.
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