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As the market players are aware, the global equity markets are very sensitive to the macro parameters and the news about the trade battle between the US and China. The broader momentum of the financial markets gets influenced by geopolitical worries. However, it can be said that the worries of global investors have increased with respect to the trade talks. Yesterday, Dow Jones and S&P 500 Index ended the session marginally lower. The settlement of trade battle between the US and China of utmost importance as this settlement might support the broader momentum of equity markets. Also, it might help the sentiments of the investors as the market players are concerned about the slowdown in global economic growth.
The worries about global slowdown tend to negatively impact the equity markets as the investors might decide to liquidate their equity holdings. As a result, the equity markets witness downward momentum. Yesterday (i.e. March 19, 2019), Dow Jones Industrial Average ended the session at 25,887.38 which reflects the marginal fall of 26.72 points or 0.10% on an intraday basis. On the same day, S&P 500 Index got wrapped at 2832.57 which reflects the fall of 0.37 points or 0.01% on an intraday basis.
Understanding Factors Influencing Oil Prices
It can be said that the oil prices are very sensitive to the macro factors and any worries about the global slowdown might also weigh over the oil prices. This is because the slowdown worries increase the questions about oil demand. Presently, the oil prices are sensitive to the US sanctions and the production cuts. The settlement of the trade battle on a permanent basis might support the oil prices. Also, the favourable momentum of global equity markets positively impacts oil prices.
Australian Markets Closes the Session in Red
The Australian markets ended the session on March 20, 2019 in red as S&P/ASX200 got closed at 6165.3 which reflects the fall of 19.5 points or 0.3% on an intraday basis. The Australian markets are also very sensitive to the movement of global markets and end of trade war might help the broader Australian economy and Australian equity markets. Coming to the performance of stocks, Seven West Media Limited (ASX:SWM) and Corporate Travel Management Limited (ASX:CTD) had ended the session in green as the prices of these stocks have witnessed the rise of 5.102% and 4.362%, respectively.
On the other hand, on March 20, 2019, the stocks like Eclipx Group Limited (ASX:ECX) and Nufarm Limited (ASX:NUF) had ended the day in red as the prices of these stocks have witnessed the decline of 55.968% and 23.921%, respectively. We will now be having a look at some of the crucial news. LiveTiles Limited (ASX:LVT) had come forward and made an announcement with respect to the partnership with Testfire Labs to launch the Intelligent Meeting Suite. Read the full news here. Also, Blackmores Limited (ASX:BKL) had made an announcement about the changes with respect to the leadership structure.
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