Market Update: Dow Jones Ended In Green. Federal Reserve Might Cut Interest Rates Moving Forward

  • Jun 21, 2019 AEST
  • Team Kalkine
Market Update: Dow Jones Ended In Green. Federal Reserve Might Cut Interest Rates Moving Forward

It can be said that the global market players are aware about the fact that the stock markets are sensitive to the macro-economic parameters and to the news which is related to the geopolitical uncertainties. A rise in the economic uncertainties have the potential to weigh over the performance of the broader equity markets and this largely happens because the market participants decide to liquidate their present holdings. However, some of the investors decide to avoid making deployments in equities. The meeting of the US Federal Reserve has recently ended, and the central bank had kept the interest rates on hold.

However, the market trackers are of the view that, moving forward, the US Federal Reserve might cut the interest rates, and this is mainly because of the global slowdown worries which is presently haunting the investors. Yesterday (i.e. June 20, 2019), Dow Jones Industrial Average was closed at 26,753.17 which implies a rise of 249.17 points or 0.94% on an intraday basis. Also, on the same day, S&P 500 Index was closed at 2,954.18 which reflects a rise of 27.72 points or 0.95%. The trade battle between the US and China can pose serious problems when it comes to global growth and can also negatively impact the sentiments of market players.

Oil Prices Can Be Affected By Macro Fundamentals

The news associated with the macro-economic factors and any sort of economic uncertainties can influence the movement of oil prices. The tensions about global growth can question the demand of oil and, as a result, the oil prices are affected. However, since the comments from the Chairman of US Federal Reserve have the potential to affect the stock markets, these can also influence the movement of oil prices.

Australian Markets Wrapped up In Red: S&P/ASX200 Falls By 0.6%

The Australian markets might be impacted if the trade tensions between the US and China increases or if the growth prospects of global economy gets derailed. However, an improvement in the overall health of global economy can positively impact the Australian economy and its equity markets. Today (i.e. June 21, 2019), S&P/ASX200 was closed in red as it witnessed a fall of 36.6 points or 0.6% and was closed at 6,650.8. We will now be having a look at the performance of stocks. On June 21, 2019, New Hope Corporation Limited (ASX: NHC) and Costa Group Holdings Limited (ASX: CGC) were closed in green as the prices have witnessed a rise of 9.02% and 5.303%, respectively.

On the other hand, Syrah Resources Limited (ASX: SYR) and Ardent Leisure Group Limited (ASX: ALG) were ended in red as their prices fell by 11.675% and 8.772%, respectively. We have provided some recent updates on three stocks (i.e. Nova Minerals Limited, AIC Mines Limited and Empire Energy Group Limited) which the market players should know about. To read the updates which have been provided, please click here. Also, important information was also given on two penny stocks. To read, please click here.


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