Market Update: Dow Jones Rose on Thursday. What Market Players Should Focus On?

4 min read | March 29, 2019 07:58 PM AEDT | By Team Kalkine Media

It can be said that the investors are currently in a dicey position as to how would the global equity markets would perform moving forward. It is important for the investors to note that the equity markets are very sensitive to the global macro-economic parameters and worries of the global slowdown. The rise in these worries can significantly impact the broader equity markets’ momentum and as the investors tend to avoid investments in the equities. The investors should also track the trade battle news as this news has the potential to disrupt the broader momentum of markets. If the battle settles on a permanent basis, it might help the investors’ confidence and equity markets.

It can be said that the primary reason for the worries of a global downturn is the concerns relating to trade battle between the US and China. If the battle ends permanently, the concerns of the global economic downturn might get reduced and the equity markets might be benefitted. Yesterday (i.e., March 28, 2019), Dow Jones Industrial Average closed at 25,717.46 which reflects the rise of 91.87 points or 0.36% on an intraday basis. Also, on the same day, S&P 500 Index ended in green as the index got closed at 2,815.44 which implies the rise of 10.07 points or 0.36%.

Oil Prices Are Influenced by Several Macro Factors

As the market players are aware, the oil prices are very sensitive to the macro-economic factors and the news about a trade war between the US and China. However, these prices are also getting influenced by the US sanctions and the production cuts. The worries about global economic slowdown generally negatively impact the oil prices as, in these types of situations, the oil demand might get hampered.

Australian Markets Ended in Green: S&P/ASX200 Ends Witnesses a Slight Rise

Today (i.e., March 29, 2019), the Australian markets have closed the session in green as S&P/ASX200 ended the day by witnessing a marginal rise. This index got closed at 6180.7 which reflects the rise of 4.6 points or 0.1% on an intraday basis. The Australian equity markets are very sensitive to the news about the trade war and the settlement of battle can significantly help the broader momentum. Coming to the performance of stocks, Super Retail Group Limited (ASX: SUL) and Estia Health Limited (ASX: EHE) have closed the session in green as their prices witnessed the rise of 5.658% and 4.669%, respectively.

However, on the other hand, the stocks of Eclipx Group Limited (ASX: ECX) and Evolution Mining Limited (ASX: EVN) have closed the session in red as their prices witnessed the decline of 4.478% and 3.43%, respectively. Coming to some of the important news, Tesserent Limited (ASX: TNT) had raised further funds with the help of private placement in order to support strategic acquisition pipeline. In order to read the full news, please click here. Also, Silver Mines Limited (ASX: SVL) had managed to raise $3 million with the help of share placement. In order to read the news, please click here.

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