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Dow Jones Witnessed Marginal Rise: Worries About Global Growth Still Haunting Investors

  • March 26, 2019 07:26 PM AEDT
  • Team Kalkine
Dow Jones Witnessed Marginal Rise: Worries About Global Growth Still Haunting Investors

As the market players are aware, the US markets witnessed significant downtrend on March 22, 2019 primarily because of increased worries with respect to the global slowdown. The equity markets, generally, witnesses a fall during the times of global worries as the investors tend to avoid making deployments in the risky assets like equities. Also, some of the players liquidate their holdings which negatively impacts the broader momentum of markets. It can be said that the weaker factory orders were the primary reason which significantly impacted the US markets on March 22, 2019. However, even yesterday (i.e., March 25, 2019), Dow Jones witnessed a marginal rise.

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Also, the global markets are sensitive to the news which is related to a trade war between the US and China, and the permanent settlement of the battle can help in stabilizing the global equity market environment. In the recent meeting of the US Federal Reserve, the central bank had kept the interest rate unchanged, and this move was widely expected by the market players. On March 25, 2019, Dow Jones Industrial Average ended the session in green as the index witnessed the marginal rise of 14.51 points or 0.06% and got closed at 25,516.83. However, S&P 500 Index ended the session in red as it got closed at 2798.36 which reflects a decline of 2.35 points or 0.08% on an intraday basis.

Slowdown Worries Might Weigh Over Oil Prices

The oil prices might witness the impact of global growth worries and, as a result, the oil prices might witness a fall. Generally, when there are increased worries about global growth, the oil demand comes into question and, thus, the oil prices witness a fall. However, the US sanctions and production cuts are also the factors which are presently influencing the oil prices. If the global environment stabilizes and the trade battle ends, it might help the oil prices.

Australian Markets Ended Marginally Higher

The Australian markets closed the session in green as S&P/ASX200 got closed at 6130.6 which implies the rise of 4.4 points or 0.1%. It is also important to note that the equity markets in Australia are sensitive to the broader economic environment and the disturbances might impact the overall momentum. On March 26, 2019, stocks like Lynas Corporation Limited (ASX: LYC) and Challenger Limited (ASX: CGF) closed in green as their prices witnessed the rise of 35.048% and 9.066%, respectively.

On the other hand, Eclipx Group Limited (ASX: ECX) and Estia Health Limited (ASX: EHE) closed the session in red as their stock prices have fallen 12.308% and 4.044%, respectively. Talking about some of the main news, LiveHire Limited (ASX: LVH) had come forward and made an announcement that they have completed the issue placement to raise $15 million. In order to read the full news, please click here. Also, BlueScope Steel Limited (ASX: BSL) had made an announcement about Asia and North America investor presentation. In order to read the full news, please click here.


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