Market Update: What Investors Might Do Moving Forward?

  • Nov 19, 2018 AEDT
  • Team Kalkine
Market Update: What Investors Might Do Moving Forward?

The previous started off with the negative note as the US markets witnessed significant decline. The unfavourable impacts were also visible in the technology stocks. The negative impact was witnessed in the shares of Apple Inc. (NASDAQ: AAPL) and in the shares of Amazon (NASDAQ: AMZN). It, thus, highlight the fact that the markets largely follow the footsteps of the technology giants. When the week started off, there were concerns related to the trade battle between the US and China and these global macro events might severely impact the global markets. However, later on, the tensions related to the trade battle got reduced and thus, supporting the stocks to witness some positive trend. On November 16, 2018, Dow Jones Industrial Average ended the day on the positive note by rising 123.95 points or 0.49% to settle at 25,413.22. This optimism was helped by the reports which stated that the United States might not slap additional tariffs on the Chinese goods. However, the negative momentum encountered in Nvidia Corporation (NASDAQ: NVDA) impacted the NASDAQ. On November 16, 2018, the US stocks were supported by the reports stating that China might consider making a trade deal. Moving forward, it would be keen to see on the market players would react in the coming week as there is not much fundamental data. It seems like the market trackers would be reacting on the geopolitical stories.

What Led to Rise in Oil Prices?

The oil prices witnessed the rise on the back of the expectations of the market players expect that the supply levels might get reduced moving forward. There are still concerns regarding the slowdown of the demand because of the trade battle between the US and China. Additionally, the market players are expecting that the oil markets are being handled by the United States, Russia as well as Saudi Arabia. The reduction in the supply is required which could help the situation of the over-supply and also this action could help regain the momentum of the oil prices. In addition, the production cut is required in order to avoid the situation of 2014, the year in which the oil prices declined because of the over-supply issues. Considering the demand side, the crude oil imports number for the month of October 2018 in Japan witnessed the fall on the YoY basis. The oil traders need to carefully analyse the global factors before making any prediction for the oil prices.

Australian Markets Ended Weaker

On November 19, 2018, the Australian markets ended the session on the weaker note as S&P/ASX 200 declined 36.9 points or 0.6% and managed to settle at 5693.7. On the same day, Orocobre Limited (ASX: ORE) and Ausdrill Limited (ASX: ASL) ended the session by witnessing the rise of 7.527% and 7.368%, respectively. On the other hand, Viva Energy Group Limited (ASX: VEA) and Afterpay Touch Group Limited (ASX: APT) ended the day’s session by declining 12.195% and 8.766%, respectively. Saturn Metals (ASX: STN) today made an announcement regarding a resource increase at Apollo Hill gold project. To read the full news, please click here.

Additionally, the fight between the US and China intensified after the APEC summit. To read the full news, please click here. Amidst the tensions in regard to the trade war between the US and China, some companies of Australia which have their operations in China are having a favourable outlook. To read the full news, please click here.

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