In the present scenario, global markets are very sensitive to the news about trade war between the US and China and any sort of macro-economic news. Not so long ago, the market players were worried about the global economic slowdown and the global disturbances have the potential to disrupt the broader momentum of equity markets. However, recently, the positive jobsâ report has reduced the worries about the global slowdown. Also, if trade battle settles down on the permanent basis, it could be of great benefit for the global economy and for broader equity markets. The favourable macro-economic news and settlement of the global disturbances can be two most important factors which might help the equity markets, and which can reduce the slowdown worries.
Also, it is important for the market players to know that soon the earnings reports of the US companies would be out for the quarter ended March 31, 2019. The equity markets are expected to get influenced by the quarterly earnings report of the companies. On Friday (i.e. April 5, 2019), Dow Jones Industrial Average closed the session in green as the index stood at 26,424.99 which implies a rise of 40.36 points or 0.15% on an intraday basis. Also, on the same day, S&P 500 Index ended the session at 2,892.74 which reflects an increase of 13.35 points or 0.46%.
Factors Influencing the Movement in Oil Prices
The oil prices are also very sensitive to the global macro-economic news. Apart from this, movement in the stock markets is also a crucial factor associated with the oil prices. The reduction in the worries about global slowdown might positively impact the oil prices. However, in the current scenario, it can be said that these prices are getting affected by US sanctions as well as production cuts. Moving forward, the investors need to closely track the earnings season and they might be more focused on the outlook provided by the companies.
Australian markets Ended in Green: S&P/ASX200 Wraps Up with a Rise of 0.6%
The Australian markets ended the session on April 8, 2019 in green as S&P/ASX200 index got closed at 6221.4 which reflects a rise of 40.1 points or 0.6% on an intraday basis. Coming to the movement of stocks, Resolute Mining Limited (ASX: RSG) and Breville Group Limited (ASX: BRG) closed the session in green as their stock prices witnessed the rise of 7.725% and 4.053%, respectively on an intraday basis. On the other hand, stocks like Domain Holdings Australia Limited (ASX: DHG) and Platinum Asset Management Limited (ASX: PTM) closed the session in red as their prices have encountered the fall of 7.213% and 4.073%, respectively on an intraday basis.
Speaking about some of the important news, Celamin Holdings Limited (ASX: CNL) came forward and shared the investor presentation for April 2019; and the stock was up about 4.2%. In order to read the news, please click here. Also, the Data Exchange Network Limited (ASX: DXN) had released the market update. To read the entire news, please click here.
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