Dow Jones Witnesses Significant Increase After Recent Comments From Federal Reserve

  • Jun 05, 2019 AEST
  • Team Kalkine
Dow Jones Witnesses Significant Increase After Recent Comments From Federal Reserve

The market players are worried about the global slowdown mainly because of the economic uncertainties which are a threat to the global growth. The worries related to the trade wars are impacting the sentiments of market players and, moving forward, they might decide to liquidate their holdings in equity asset class. Moving forward, the equity markets might witness a negative impact if the economic uncertainties and geopolitical worries keep on increasing. However, yesterday, Dow Jones Industrial Average witnessed the strong favourable momentum. The Chairman of US Federal Reserve had recently commented that it had been actively observing the factors which have the potential to influence the broader US economy. It can be said that the global investors got comforted from the comments of the Federal Reserve Chairman.

The settlement of the trade battle is very important as it can reduce the worries in the minds of global investors and can prompt the market players to make deployments in equities. Yesterday (i.e. June 4, 2019), Dow Jones Industrial Average got ended in green as the index was closed at 25,332.18 which implies a rise of 512.4 points or 2.06% on an intraday basis. Also, on the same day, S&P 500 Index got ended in green as it witnessed a rise of 58.82 points or 2.14% on an intraday basis and got closed at 2,803.27.

Oil Prices Might Be Influenced by Several Macro Factors

The oil prices are very sensitive to the global factors and to the overall health of the global economy. A rise in the economic uncertainties and disturbances might affect the demand of oil and, as a result, the oil prices might also be influenced. The market players need to know that the movement of the stock markets also affects the oil prices. The settlement of trade battle can help the broader equity markets.

Australian Markets Ended in Green: S&P/ASX200 Witnesses a Rise of 0.4%

The Australian markets might be impacted if the economic uncertainties rise as, in such a scenario, the Australian investors might liquidate their equity holdings. Also, the equity markets in Australia are also sensitive to the performance of broader Australian economy. Today (i.e. June 5, 2019), S&P/ASX200 got ended at 6,358.5 which reflects a rise of 26.1 points or 0.4% on an intraday basis. Coming to the performance of stocks, Afterpay Touch Group Limited (ASX: APT) and Bingo Industries Limited (ASX: BIN) got ended in green as their stock prices have witnessed a rise of 7.079% and 5.525%, respectively on the intraday basis. On the other hand, Vocus Group Limited (ASX: VOC) and Evolution Mining Limited (ASX: EVN) got wrapped up in red as their stock prices have fallen by 17.686% and 5.596%, respectively on an intraday basis.

Kingwest Resources Limited (ASX: KWR) had made an announcement about the outcomes of RC Drilling at Gambier Lass North. To read the entire news about this, please click here. To have a quick glance at the construction players in Australia, please click here.


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