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The global equity markets are very sensitive to macro-economic variables and any hint that growth of global economy is in danger has a potential to disrupt the sentiments of market players and can also derail broader momentum of the equity markets. It can be said that, on Friday (i.e., March 8, 2019), the US markets got influenced by the weaker US jobs report. It can be said that the weakness in the jobs report might have increased the fears about the slowdown in the global economy in the investorsâ minds. In such a scenario, the market participants avoid making deployments towards risky assets like equities.
The market players are also tracking news about the trade war between the US and China, and the movement of global markets is sensitive to the news. The permanent settlement of the trade war might help the momentum of broader markets and also the sentiments of market players. It can be said that one of the primary reasons for worries about the global economic slowdown in the minds of investors was the trade battle. On March 8, 2019, Dow Jones Industrial Average closed at 25,450.24 which reflects the fall of 22.99 points or 0.09% on an intraday basis. Also, on the same day, S&P 500 Index got closed at 2,743.07 which implies a decline of 5.86 points (or 0.21%).
Macro Factors Are Key to Movements in Oil Prices
The oil prices are sensitive to the macro-economic variables and the tensions about a slowdown in global economic growth can negatively impact the movements of oil prices. This is because the worries about global slowdown also increase the concerns about oil demand. The expectations of lower oil demand would weigh over the oil prices leading these prices to fall.
Australian Markets Ends in Red
The Australian markets have ended the session on March 11, 2019 in red as S&P/ASX200 got closed at 6180.2 which implies the fall of 23.6 points or 0.4% on an intraday basis. The performance of equity markets in Australia is also sensitive to the performance of global markets. If the worries about global slowdown increases, it might impact the Australian equity markets. Talking about the performance of stocks, Perpetual Limited (ASX:PPT) and St Barbara Limited (ASX:SBM) had closed the session in green as the prices of these stocks have witnessed a rise of 12.266% and 7.434%, respectively on an intraday basis. On the other hand, Bingo Industries Limited (ASX:BIN) and WorleyParsons Limited (ASX:WOR) had closed the session on March 11, 2019 in red as the prices of these stocks have witnessed the decline of 4.969% and 4.175%, respectively.
Althea Group Holdings Limited (ASX:AGH) had come forward and made an announcement about investor update and board changes. Carnarvon Petroleum Limited (ASX:CVN) had come forward and released the investor presentation.
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