Market Update: Dow Jones Ended in Green. Federal Reserve Meeting Should Be The Key Focus

  • Jun 18, 2019 AEST
  • Team Kalkine
Market Update: Dow Jones Ended in Green. Federal Reserve Meeting Should Be The Key Focus

The global stock markets are sensitive to the macro-economic factors and to the news which is critical to the global growth. A rise in the global economic uncertainties and geopolitical tensions have the potential to impact the sentiments of market players. The investors generally avoid making deployments towards the equities if the global growth comes into question which negatively impacts the broader equity markets. However, the settlement of trade battle can prompt the investors to allocate their investable capital towards equities which could, in turn, help the broader stock markets.

Also, the investors should track the US Federal Reserve meeting as it would be helpful in getting the broader view of the global economy. The meeting might put some light on the geopolitical tensions and other global factors which could affect the performance of global economy and equity markets. The result of the Federal Reserve meeting and the comments in the meeting have the potential to affect the broader movement of stock markets. Yesterday (i.e. June 17, 2019), Dow Jones Industrial Average got ended in green as the index was closed at 26,112.53 which implies a rise of 22.92 points or 0.09% on an intraday basis. Also, S&P 500 index was ended at 2,889.67 which reflects an increase of 2.69 points or 0.09% in an intraday basis.

Oil Prices Might Be Affected By Stock Markets’ Movements

The oil prices are sensitive to the macro-economic factors and to the news related to the trade battle between the United States and China. If the economic worries increase, it could put a question mark on the demand of oil which could, in turn, affect the oil prices. Moreover, the movement in the stock markets can also influence the movement of oil prices.

Australian Markets Ended in Green: S&P/ASX200 Rises 0.6%

The Australian stock markets can be negatively impacted if the trade battle between the US and China does not end on the permanent basis. The global geopolitical tensions have the potential to significantly impact the broader performance of Australian economy which could also influence the performance of Australian equities. Today (i.e. June 18, 2019), S&P/ASX200 was closed at 6,570 which implies a rise of 39.1 points or 0.6% on an intraday basis. Talking about the performance of stocks, Nearmap Ltd (ASX: NEA) and Emeco Holdings Limited (ASX: EHL) were ended in green as their stock prices rose by 9.485% and 8.816%, respectively on an intraday basis.

On the other hand, Speedcast International Limited (ASX: SDA) and Pilbara Minerals Limited (ASX: PLS) got closed by falling 8.401% and 6.299%, respectively on an intraday basis. We have provided some important information on the three pot stocks (i.e. Medlab Clinical Limited, Cresco Pharma Limited and AusCann Group Holdings Ltd) which we think the investors should know about. To read about the same, please click here. Additionally, the information has also been given on three healthcare stocks (i.e. Cochlear Limited, ResMed Inc and CSL Limited). To read about the same, please click here.


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