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Not so long ago, the global markets have been weighed by several factors and the primary factor which had impacted the broader equity markets is the trade battle between the US and China. Even though the efforts are being to resolve the battle, the market players are still closely tracking the news associated with the battle. The battle can disrupt the confidence of the investors, thus, prompting them to liquidate the equity holdings which could lead to a broader market sell-off. It is also important to know that when there were increased worries about the global slowdown, the investors took the hint from the comments of Mr. Jerome Powell that the US central bank would be patient in raising the interest rates. A rise in the interest rates has the potential to negatively impact the broader equity markets.
The fears of global slowdown negatively impact the sentiments of investors and, as a result, the equity markets experience a downtrend. Therefore, it can be said that the financial markets are very sensitive to the macro-economic variables and geopolitical worries. Yesterday (i.e. March 12, 2019), Dow Jones Industrial Average closed at 25554.66 which implies the fall of 96.22 points or 0.38%. However, S&P 500 Index closed at 2791.52 which reflects the rise of 8.22 points or 0.30% on an intraday basis.
Oil Prices to Get Affected by Macro Factors
The oil prices are also sensitive to the global factors and the worries about weakness in the global economy can weigh over the prices of oil. These prices can be helped if trade battle between the US and China ends on a permanent basis and this might bring some confidence in the investorsâ minds. However, the actions from OPEC also have the potential to influence the momentum of oil prices.
Australian Markets Closes in Red: What Market Players Should Know
The Australian markets on March 13, 2019 closed in red as S&P/ASX200 got closed at 6161.2 which implies the fall of 13.6 points or 0.2%. The equity markets in Australia is expected to be sensitive to the global economic environment and the news associated with the trade battle between the US and China. Talking about the stocks, Appen Limited (ASX:APX) and Saracen Mineral Holdings Limited (ASX:SAR) had closed the session in green as these stocks witnessed the rise of 5.104% and 5.243%, respectively.
Sigma Healthcare Limited (ASX:SIG) and Ardent Leisure Group Limited (ASX:ALG) had closed the session in red as the prices of these stock encountered the fall of 12.295% and 3.309%, respectively. Coming to some of the important news, Pearl Global Limited (ASX:PG1) came forward and made an announcement that it has entered into the conditional placement agreement for $5 million with ROC Asset Management. Read the full news here. Also, Sigma Healthcare Limited had provided an update on API proposal. Read the full news here. Paradigm Biopharmaceuticals Limited (ASX:PAR) had released the investor presentation.
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