Market Update:Dow Jones Ended In Green. Index Witnesses A Marginal Gain

  • Jun 04, 2019 AEST
  • Team Kalkine
Market Update:Dow Jones Ended In Green. Index Witnesses A Marginal Gain

The global markets are very sensitive to the news related to the macro-economic factors. The markets are impacted by the tensions which could lead to the global slowdown. When the economic growth worries increase, the market participants liquidate their holdings in equities and, as a result, the stock markets encounter the negative momentum. Therefore, a rise in the economic uncertainties have the potential to significantly disrupt the momentum of stock markets. It can be said that the trade battle between the US and China is the primary concern which could significantly impact the broader momentum of stock markets.

The fears of global economic slowdown can impact the sentiments of the market players and they might decide to avoid making deployments towards the riskier asset class. The reduction in economic uncertainties can positively impact the broader momentum of the equity markets. Yesterday (i.e. June 3, 2019), Dow Jones Industrial Average got ended in green as the index witnessed a marginal rise of 4.74 points or 0.02% on an intraday basis and got closed at 24,819.78. However, on the same day, S&P 500 Index got ended in red as it fell by 7.61 points or 0.28% and got closed at 2,744.45.

Oil Prices Are Also Sensitive To Trade War Related News

The oil prices are sensitive to the movements of stock markets and to the overall health of global economy. If broader economy comes into danger because of geopolitical worries or because of economic uncertainties, the oil prices are likely to be affected. This happens largely because the worries about the oil demand emerges in the minds of market participants. The tensions about oil demand have the potential of influence the movement of oil prices.

Markets in Australia Closes in Green: S&P/ASX200 Increases by 0.2%

The performance of equity markets in Australia might be impacted if the economic uncertainties increase and if the fears about global economic slowdown increases. These factors can significantly weigh over the performance of broader Australian economy which could, in turn, impact the sentiments of Australian investors. Today (i.e. June 4, 2019), S&P/ASX200 got ended in green as the index was wrapped up at 6332.4 which implies a rise of 11.9 points or 0.2% on an intraday basis.

Coming to the performance of stocks, Metcash Limited (ASX: MTS) and Abacus Property Group (ASX: ABP) have closed today’s session in green as their stock prices rose by 3.378% and 3.093%, respectively. On the other hand, Bravura Solutions Limited (ASX: BVS) and Syrah Resources Limited (ASX: SYR) were ended in red as their stock prices have fallen by 11.26% and 9.728%, respectively.

Talking about some of the important news, Invigor Group Limited (ASX: IVO) had made an announcement that they have entered into Joint Venture with NZ Enring Group. To read the entire news about this, please click here. Also, NuEnergy Gas Limited (ASX: NGY) had released the investment agreement update. In order to read the entire news about the same, please click here.


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.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
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. OK