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It can be said that the fears about the global slowdown are impacting the sentiments of the market players and these fears are also influencing the momentum of the stock markets. The news about the US and China trade battle needs to be tracked by the global investors on a regular basis as the markets are very sensitive to these news. Any negative news with respect to the trade wars have the potential to significantly derail the growth prospects of the equity markets. The geopolitical factors generally affects the broader economy and, as a result, the stock markets are also affected.
However, the settlement of battle between the US and China can bring some stability to the performance of global markets and can also help in the revival of the sentiments of investors. Yesterday (i.e. May 28, 2019), Dow Jones Industrial Average got ended in red as the index was wrapped up at 25,347.77 which implies a fall of 237.92 points or 0.93% on an intraday basis. Also, on the same day, S&P 500 Index got closed at 2,802.39 which implies a fall of 23.67 points or 0.84% on an intraday basis.
Oil Prices Could Be Affected by Macro-economic Variables
The oil prices are very sensitive to the overall health of global economy and to the macro-economic factors. If the worries about the global slowdown increases, it is likely to affect the movement of oil prices. Another factor which could influence oil prices is the movement of stock markets. In the event of global slowdown, the oil demand might be affected which, in turn, affects the oil prices. However, the oil prices are also expected to be influenced by the US and China trade battle.
Australian Markets Ended in Red: S&P/ASX200 Falls 0.7%
The Australian markets are sensitive to the movement of the global equity markets and to the news related to the US and China trade tensions. If the trade battle gets worse, it might weigh over the sentiments of the Australian investors and this might prompt them to sell their holdings. As a result of this, the Australian markets might witness the negative impact. Today (i.e. May 29, 2019), S&P/ASX200 got closed at 6,440 which implies a fall of 44.8 points or 0.7% on an intraday basis.
Today, Lynas Corporation Limited (ASX: LYC) and Ausdrill Limited (ASX:ASL) got ended in green as their stock prices have witnessed a rise of 15.481% and 2.333%, respectively. On the other hand, Downer EDI Limited (ASX: DOW) and Nufarm Limited (ASX: NUF) had ended in red as their stock prices witnessed a fall of 9.137% and 5.814%, respectively.
We will now have a look at the important news. Bionomics Limited (ASX: BNO) came forward and made an announcement about the results of the strategic review. To read the entire news, please click here. Also, Cellmid Limited (ASX: CDY) had updated on the growth strategy for FY 2020. To read the news related to this, please click here.
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