The uncertainties on the macro levels have gripped the global markets which are impacting the sentiments of the global market participants. Generally, during the times of uncertainties, the investors avoid making investments into equities primarily because of the risks involved. While the US and Chinese markets are dealing with the issues related to the trade wars and other macro-economic uncertainties, the European markets have their own issues related to the Brexit deal.
The sentiments of the investors are very sensitive to the news related to the Brexit deal. The market trackers are of the view that the investors need to avoid making investments and they need to wait and watch how the deal goes on. The investors should patiently track the progress related to the Brexit deal.
However, it seems like the major Australian banks have decided to be at the forefront in managing their operations amidst an uncertain environment which is prevailing in Europe. However, it can be assumed that this sort of actions is required from the big Australian banks. As the market players are aware, the FY 2018 year has indeed been a difficult as well as the challenging year for the giant banks present in Australia. Therefore, it can be assumed that the Australian bank is now strategizing their operations so that their performance in FY 2019 will be better and can cheer up the market players. The Australian banks are planning to build up offices in the different cities in Europe. These plans of the Australian banks are expected to support them in their operations in the upcoming years. These banks have started to build the groundwork so that their operations can be executed in a streamlined manner.
However, it can also be said that FY 2019 would be crucial year for the big Australian banks as the market players would be closely tracking the performance of these banks. It seems like the big Australian banks have maintained their focus on improving their operations which could support them moving forward. Westpac Banking Corporation (ASX: WBC) had also stated that in FY 2018 the environment had been quite uncertain largely because of the regulatory pressures. The top management of Westpac Banking Corporation had also that they would be working towards satisfying the customers. Therefore, it can be assumed that the investors would be watching how FY 2019 would be turning out for the giant Australian banks.
Talking about the past performance of Westpac Banking Corporation, the bank’s stock had delivered the return of -12.59% in the previous six months. This bank’s stock ended the session on January 16, 2019 at A$26.000 per share which implies the rise of A$0.240 per share or 0.932%. However, Commonwealth Bank of Australia (ASX: CBA) had ended today’s session in red. Its stock price had closed the session at A$72.550 per share reflecting the decline of A$0.100 per share or 0.138%. Over the past six months, the stock CBA had given the returns of -2.14%.
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