As the investors are aware, currently, the market participants are very dicey about the outlook with respect to the global economic growth largely because of the worries about trade battle between the US and China. The settlement of war is of utmost importance in order to stabilize global growth. The settlement might also help the sentiments of the investors and this can positively affect the broader equity markets. Recently, the worries about the recession were also there in the minds of the global investors which significantly impacted the US markets. During these times, the market participants avoid making deployments of their investable capital in equities and they rather decide to go for the safer instruments.
Therefore, the market players need to closely track the news related to trade battle between the US and China and other macro-economic factors. Yesterday (i.e. March 26, 2019), Dow Jones Industrial Average closed the session in green as the index got closed at 25,657.73 which implies the rise of 140.9 points or 0.55% on an intraday basis. On the same day, S&P 500 Index ended at 2,818.46 which reflects a rise of 20.1 points or 0.72%.
What Factors Can Affect Oil Prices
Even though the oil prices are getting influenced by the US sanctions as well as supply cuts, these prices need to be regularly tracked by the market players as the worries about global economic slowdown might also influence the oil prices. The tensions of the global slowdown negatively impact the oil prices primarily because the investors expect that the downturn might hamper the oil demand. The concerns over the demand generally weigh over the oil prices. However, these prices are also sensitive to the news about the trade war and the broader movement of the global equity markets.
Australian Markets End Marginally Higher: S&P/ASX200 Closes 0.1% Higher
Today (i.e., March 27, 2019), the Australian markets ended the session in green as S&P/ASX200 closed at 6136 which implies the rise of 5.4 points or 0.1% on an intraday basis. The favourable momentum in the global economic environment and permanent settlement of the trade war between the US and China might positively affect the broader Australian markets. Coming to the performance of stocks, Eclipx Group Limited (ASX: ECX) and Nufarm Limited (ASX: NUF) ended the session in green as their prices witnessed the rise of 22.807% and 4.772%, respectively. However, on the other hand, Tassal Group Limited (ASX: TGR) and Alumina Limited (ASX: AWC) ended the session in red as their stock prices fell by 6.452% and 4.688%, respectively.
Coming to some of the important news, Macquarie Group Limited (ASX: MQG) had come forward and made an announcement about the senior leadership change as well as 3Q FY 2019 update. In order to read the full news, please click here. Also, NetLinkz Limited (ASX: NET) has released investors update. In order to read the entire news, please click here. Data Exchange Network Limited (ASX: DXN) came with underwritten entitlement issue. To read the news, please click here.
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