The global markets are sensitive to the macro-economic factors and the news about the trade war between the US and China. However, the equity markets also get influenced by the comments from the US Federal Reserve about the interest rates and about the health of the broader US economy. In a recent meeting, the US Federal Reserve had kept the interest rates on hold. Yesterday, the US Federal Reserve had released the minutes of the recent meeting. In the minutes, it was mentioned that, as per the information available for March 19-March 20 meeting, the conditions of labor market were strong. The settlement of geopolitical disturbances might positively affect the broader momentum of equity markets and might also help in improving the confidence of market players.
The trade war worries have the potential to significantly disrupt the confidence of investors and can also have an adverse impact on the movement of equity markets. Yesterday (i.e. April 10, 2019), Dow Jones Industrial Average ended the session in green as the index got closed at 26,157.16 which implies a marginal rise of 6.58 points or 0.03% on an intraday basis. Also, S&P 500 Index got closed in green as the index ended at 2,888.21 which implies a rise of 10.01 points or 0.35% on an intraday basis.
Oil Prices Might Remain Sensitive To Macro Variables
The oil prices are expected to get influenced by movements of the equity markets and by the health of the global economy. If the concerns for economic slowdown increases, it might influence the oil prices largely because it might affect the oil demand. However, the US sanctions as well as production cuts are the primary factors which are influencing oil prices in the present scenario.
Australian Markets Got Closed in Red: S&P/ASX200 Falls by 0.4%
Today (i.e. April 11, 2019), the Australian markets got closed in red as S&P/ASX200 ended the session at 6198.7 which implies a fall of 24.8 points or 0.4% on an intraday basis. The Australian markets would be influenced by the overall momentum in the global markets. If the worries about economic slowdown increases, it can have an adverse impact on the Australian equity markets. Coming to the performance of stocks, Ardent Leisure Group Limited (ASX: ALG) and Speedcast International Limited (ASX: SDA) ended the session in green as their prices have witnessed the rise of 4.741% and 3.324%, respectively on an intraday basis.
On the other hand, Bank of Queensland Limited (ASX: BOQ) and Australian Pharmaceutical Industries Limited (ASX: API) have closed the session in red as their stock prices have fallen by 4.888% and 4.854%, respectively. Oneview Healthcare PLC (ASX: ONE) had come forward and made an announcement of the successful conduct of capital raising of $25 million. In order to read the entire news about this, please click here. Also, Henry Morgan Limited (ASX: HML) had made an announcement about the takeover bid from John Bridgeman. In order to read the full news, please click here.
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