Market Update: Dow Jones Ended in Red. What Global Market Trackers Should Do?

June 26, 2019 01:55 AM PDT | By Team Kalkine Media
 Market Update: Dow Jones Ended in Red. What Global Market Trackers Should Do?

The global markets are extremely sensitive to the macro-economic parameters and any news related to these parameters might affect the global stock markets as well. The geopolitical factors and economic uncertainties are primary factors which have the potential to influence the movement of stock markets. The G20 summit happens to be a crucial event which could affect the movement of stocks. The permanent settlement of the trade battle between the US and China could favourably impact the global stock markets. The geopolitical tensions could affect the investors’ sentiments and they might decide to avoid making deployments in the equities.

Yesterday (i.e. June 25, 2019), Dow Jones witnessed weakness and ended in red. Also, the weakness was in the sectors like technology and industrials. However, it can be said that the decision of the US Federal Reserve is also critical as it could affect the broader movement of stock markets. Yesterday, Dow Jones Industrial Average was closed at 26,548.22 which reflects a fall of 179.32 points or 0.67% on an intraday basis. Also, on the same day, S&P 500 index was closed at 2,917.38 which reflects a decline of 27.97 points or 0.95% on an intraday basis. It can be assumed that, in the present scenario, the investors in the US equity markets are looking forward to G20 summit. Also, the July meeting of the Federal Reserve is very crucial.

Oil Prices Might Get Affected If Uncertainties Increase

The oil prices are very sensitive to global macro-economic conditions as well as to the movement of stock markets. However, the overall health of global economy also influences the movement in oil prices. If economic uncertainties increase and trade battle between the US and China gets worse, the demand for oil might be questioned. As a result, the oil prices might be affected.

Australian Markets Ended in Red: S&P/ASX200 Witnessed a Fall by 0.3%

The Australian equity markets are sensitive to the global economic parameters and to the geopolitical factors. The trade tensions between the US and China can have an adverse impact on the global growth prospects and, as a result, the Australian investors might decide to liquidate the deployments made in stocks. Today (i.e. June 26, 2019), S&P/ASX200 was closed at 6,640.5 which reflects the fall of 17.5 points or 0.3% on intraday basis. Coming to the performance of the stocks, NRW Holdings Limited (ASX: NWH) and Afterpay Touch Group Limited (ASX:APT) were closed in green as the prices increased by 6.926% and 5.677%, respectively on an intraday basis.

Also, Orocobre Limited (ASX: ORE) and Emeco Holdings Limited (ASX: EHL) closed the day in red as their prices fell by 4.87% and 4.739%, respectively. We have provided some important information about some of the stocks which we think investors should be aware of. We have provided the recent announcements related to three stocks (i.e. Thor Mining PLC, Force Commodities Limited and Arowana International Limited). To read about these announcements, please click here.


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