Market Update: Dow Jones Witnessed Marginal Rise. Fed Minutes Released

April 11, 2019 07:53 PM AEST | By Team Kalkine Media
 Market Update: Dow Jones Witnessed Marginal Rise. Fed Minutes Released

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.


Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.