Market Update :Dow Jones Ends In Green On Friday. Investors Eyeing Trade Talks

4 min read | April 01, 2019 10:55 PM AEDT | By Team Kalkine Media

As the market players are aware, the global markets are sensitive to macro-economic variables and the broader environment prevailing globally. Therefore, any global disturbances have the potential to negatively impact the equity markets as the investors liquidate their equity holdings and they decide to invest towards safer instruments. Not so long ago, there were increased fears about the global economic slowdown and these type of disturbances, generally, disrupt the broader environment of the equity markets. Also, the markets are influenced by news related to the trade war between the US and China and any positive news from that front might help the broader equity markets.

The permanent settlement might also reduce the fears of the global economic slowdown which could also boost the sentiments of market players and they might start making deployments in the equity markets. As a result, the equity markets might witness a positive momentum. On Friday (i.e. March 29, 2019), Dow Jones Industrial Average got closed at 25,928.68 which reflects the rise of 211.22 points or 0.82% on an intra-day basis. Also, S&P 500 Index wrapped up the session on Friday at 2,834.40 which implies an increase of 18.96 points or 0.67%.

Oil Prices Would be Influenced by Macro Factors

The oil prices are, generally, influenced by factors affecting the global economic growth and the macro-economic variables. The overall health of global economy tends to influence the oil prices and the unfavourable momentum in the global environment can hamper the momentum of oil prices. However, the settlement of trade fight between the US and China can help the oil prices as the permanent end to battle might reduce worries about a global economic slowdown. If the worries about oil demand reduce, it might help the prices.

Australian Markets Ended the Session in Green

Today (i.e. April 1, 2019), the Australian markets closed the session in green as S&P/ASX200 Index got closed at 6,217 which implies the rise of 36.3 points or 0.6% on an intraday basis. The health of the global economy and the news about trade battle are the primary factors which might influence the momentum of Australian equity markets. Coming to the performance of stocks, Eclipx Group Limited (ASX: ECX) and Afterpay Touch Group Limited (ASX:APT) have wrapped up the session in green as their prices witnessed the rise of 16.406% and 6.874%, respectively.

On the other hand, the stocks like Pilbara Minerals Limited (ASX: PLS) and Syrah Resources Limited (ASX: SYR) have closed the session in red as their prices have closed the day by falling 6.329% and 5.607%, respectively on an intraday basis. Talking about some of the important news, Transurban Group (ASX: TCL) had come forward and made an announcement about the change in holdings of its CEO (or Chief Executive Officer). In order to read the full news, please click here. Also, Metminco Limited (ASX: MNC) wrapped up the issue of convertible notes in order to support Andes merger. In order to read the full news, please click here.

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