Market Update:Dow Jones Industrial Average Got Ended In Green. Fed Kept Interest Rates On Hold

  • Jun 20, 2019 AEST
  • Team Kalkine
Market Update:Dow Jones Industrial Average Got Ended In Green. Fed Kept Interest Rates On Hold

As the market players are aware, in the current scenario, the global markets are getting affected by the macro-economic parameters and by the news about the trade battle between the US and China. Recently, it can be said that the market players were eyeing the Federal Reserve meeting and they had every reason to do that. The stock markets are extremely sensitive to the comments and to the final decision made by the Federal Reserve Chairman. The US central bank had kept the interest rates on hold and the market players are expecting that the bank might cut the rates moving forward.

This is expected largely because the market players are worried that the economic growth might be impacted mainly due to increased tensions related to the geopolitical conditions. The trade battle between the US and China could be a big hurdle in the global growth. Yesterday (i.e. June 19, 2019), Dow Jones Industrial Average got ended in green as it witnessed a rise of 38.46 points or 0.15% and got closed at 26,504. Also, S&P 500 Index was closed at 2,926.46 that implies an increase of 8.71 points or 0.30%.

Oil Prices Are Sensitive To Global Uncertainties

The overall health of the global economy and the macro-economic conditions are the primary factors which could affect the movement of oil prices. Also, the news about the trade battle between the US and China and movement of equity markets are some of the additional factors. If there is an increase in economic uncertainties and trade battle gets worse, the demand of oil can be influenced. Therefore, a question on the oil demand might affect the oil prices as well. The trade battle needs to end in order bring stability in the global markets.

Australian Markets Ended in Green: S&P/ASX200 Rises By 0.6%

The movement of Australian stock markets is dependent upon the performance of global markets and economy. If the economic uncertainties rise, the prospects of global growth can be derailed, and it might weigh over the broader performance of Australian equities. Today (i.e. June 20, 2019), S&P/ASX200 was closed at 6,687.4 which implies a rise of 39.3 points or 0.6% on an intraday basis. We will now have a look at the performance of some stocks. Today, Resolute Mining Limited (ASX: RSG) and St Barbara Limited (ASX: SBM) were closed in green as their stock prices rose by 10.185% and 10.112%, respectively.

On the other hand, Caltex Australia Limited (ASX: CTX) and Viva Energy Group Limited (ASX: VEA) were ended in red as prices of these stocks fell by 13.269% and 8.036%, respectively. We have provided some important information on two diversified small-cap stocks (i.e. rhipe Limited and Atomos Limited) which we think that the market players should know. To have a quick look at the same, please click here. Additionally, we have provided recent updates regarding People Infrastructure Ltd and News Corp. To have a quick look on these updates, please click here.


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