Market Update: Dow Jones Witnessed A Significant Rise. What Market Players Need to Know

May 15, 2019 07:08 PM AEST | By Team Kalkine Media
 Market Update: Dow Jones Witnessed A Significant Rise. What Market Players Need to Know

It can be said that in the current scenario the global equity markets are being impacted by macro-economic factors and these markets are also getting influenced by the news related to the trade war between the US and China. Recently, the trade battle got worse which have significantly impacted the sentiments of the global investors and disturbed the broader momentum of stock markets. In these type of situations, the global market players tend to reduce their deployments into equities and some investors sell their holdings. All these factors negatively impact the equity markets.

The settlement of trade battle is of utmost importance as this could bring some stability in the broader equity markets and the sentiments of market players can also be supported. The trade tensions can significantly dampen the prospects of global economic growth. Yesterday (i.e. May 14, 2019), Dow Jones Industrial Average ended the day at 25,532.05 which implies a rise of 207.06 points or 0.82% on an intraday basis. Also, on the same day, S&P 500 Index got closed at 2,834.41 which reflects the rise of 22.54 points or 0.80% on an intraday basis.

Oil Prices Might Be Affected by Macro-Economic Factors

As the market players are aware, the oil prices are expected to get influenced by overall macro-economic environment and by the geopolitical worries. The rise in worries about global economic slowdown might affect the demand of oil. As a result, the oil prices could also be affected. However, if the trade battle between the US and China settles down on a permanent basis, it might bring stability in the stock markets. It is also important to note that the oil prices are also affected by the stock markets’ movements.

Australian Markets Closed in Green: S&P/ASX200 Closes by Rising 0.7%

The Australian markets are also sensitive to the global macro-economic factors and to overall momentum of the global markets. If the worries about global downturn increases, it might negatively impact momentum of equity markets in Australia. Today (i.e. May 15, 2019), S&P/ASX200 got closed at 6,284.2 which implies a rise of 44.3 points or 0.7% in an intraday basis. We would now have a look at the movements of stocks. Today (i.e. May 15, 2019), Eclipx Group Limited (ASX: ECX) and Syrah Resources Limited (ASX: SYR) closed the session in green as the stock prices these companies witnessed the rise of 11.667% and 9.259%, respectively on an intraday basis.

On the other hand, Regis Resources Limited (ASX: RRL) and Mayne Pharma Group Limited (ASX: MYX) closed in red as their stock prices declined by 2.119% and 1.77%, respectively. Let us now have a look at some of the crucial news. Sigma Healthcare Limited (ASX: SIG) had conducted its annual general meeting (or AGM). To read the full news, please click here. Also, Qube Holdings Limited (ASX: QUB) had recently made an announcement about the acquisition of LCR Group. In order to read the full news, please click here.

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