Market Update: Dow Jones Ended In Green. Should Global Investors Be Relaxed?

As the market players are aware, the global stock markets are very sensitive to the economic uncertainties and a rise in the tensions might derail the prospects of global growth. In the present scenario, it can be said that the US stock markets are getting influenced by the news associated with the US and China trade battle and any positive news could positively impact the broader equities. The trade battle needs to end on the permanent basis and this settlement might bring some relaxation to the global investors who are presently fearing that the trade battle might disrupt the growth prospects.

The geopolitical tensions have the potential to impact the global economic growth and, generally, when the economic uncertainties rise, the stocks markets witness a negative momentum. Talking about the yesterday’s performance, Dow Jones Industrial Average got ended in green as it closed at 25,169.88 which implies a rise of 43.47 points or 0.17% on an intraday basis. On the other hand, S&P 500 index got closed at 2,788.86 which implies a rise of 5.84 points or 0.21% on an intraday basis. If the global uncertainties get reduced, the stock markets might witness a favourable momentum.

Oil Prices Might Be Affected by Trade Battle Concerns

The oil prices are sensitive to the macro-economic conditions and to the broader momentum of the stock markets. The geopolitical tensions also influences the oil prices and a rise in these concerns can affect the stock markets as well. Another factor which affects the movement of oil prices is the oil demand which also gets influenced by the macro-economic conditions and by the geopolitical factors. The confidence of global market players can be revived if the trade battle between the US and China ends on the permanent basis.

Australian Markets Got Closed in Green: S&P/ASX200 Increases By 0.1%

The Australian equity markets are influenced by the news related to the US and China trade battle and a rise in the economic uncertainties can weigh over the performance of Australian equities. This is primarily because economic worries, generally, prompt the investors to liquidate their present holdings. Today (i.e. May 31, 2019), S&P/ASX200 got closed at 6,396.9 which implies a rise of 4.8 points or 0.1% on the intraday basis. We will now see how the stocks have performed. Eclipx Group Limited (ASX: ECX) and Lynas Corporation (ASX: LYC) got ended in green as their stock prices have witnessed a rise of 29.48% and 11.314%, respectively on an intraday basis.

On the other hand, Link Administration Holdings Limited (ASX: LNK) and Appen Limited (ASX: APX) were closed in red as their stock prices encountered a decline of 23.067% and 6.636%, respectively on an intraday basis. AGL Energy Limited (ASX: AGL) had come forward and made an announcement about the withdrawal of the offer to acquire potential interest in Vocus Group. To read the news, please click here. Also, Bendigo & Adelaide Bank (ASX: BEN) made an announcement about the appointment of Ms Jacqueline Hey as the next Chair. To read the news, please click here.


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