As the market players are aware, the global stocks markets are sensitive to the macro-economic parameters and geopolitical conditions. An increase in the geopolitical worries have potential to adversely affect the momentum of global growth and can also negatively impact the performance of the stock markets. In the present scenario, it can be said that the global market participants are tracking the news related to the trade battle between the US and China as it could influence the movement of stock markets. In the event of economic uncertainties, the investors generally tend to liquidate their holdings in equities, and they can also decide to stop making deployments towards the equities.
The market players should also track the recent news of the US Federal Reserve which would take place on June 18-June 19, 2019 as it can help the investors in understanding the global economic situation. The market players can have a broad overview about the outlook of global economy, if they closely track the meet. On June 14, 2019, Dow Jones Industrial Average got ended in red as it got closed at 26,089.61 which implies a fall of 17.16 points or 0.07% on an intraday basis. Also, S&P 500 Index was closed at 2,886.98 that implies the fall of 4.66 points or 0.16% on intraday basis.
Oil Markets Might Be Affected By Stock Markets’ Movements
The oil prices are influenced by the overall health of global economy and by the news associated with the trade battle between the US and China. Also, these prices are affected by a rise in the economic uncertainties and geopolitical worries. In the event of global slowdown, the demand of oil comes into question which ultimately affects the oil prices. Also, the movements of the global stock markets is another factor which has the potential to influence the oil prices.
Australian Markets Closed in Red: S&P/ASX200 Falls by 0.4%
The movement of Australian equity markets are influenced by global economic factors. If trade battle between the United States and China settles down, it could be positive for the broader Australian stock markets. Today (i.e. June 17, 2019), S&P/ASX200 was ended in red as it was closed at 6,530.9 implying the fall of 23.1 points or 0.4%. We would now be having a look at performance of some stocks. Emeco Holdings Limited (ASX: EHL) and Nanosonics Limited (ASX: NAN) were closed in green as the prices of these stocks rose by 12.465% and 8.722%, respectively on intraday basis.
MyState Limited (ASX: MYS) is going to divest the retail financial planning business. To read the entire news about this, please click here. We have also provided some of the crucial information about three stocks related to the Aussie Airline industry. To have a brief understanding, please click here.