Market Update: Dow Jones Ended Lower. Trade War Worries Still There

market update

It seems like the market players would be reacting immediately to the news which would be revolving around the trade worries. The trade worries have again increased after the chief financial officer or CFO of Huawei got arrested, and this order to arrest the CFO was given by the United States. This could be extremely negative at a time when the trade battle situation between the US and China is at a critical stage. Already the market players are worried about the escalation of the trade battle, and these types of occurrences at this stage would only infuse negative momentum in the global markets. Thus, it would not be wrong to say that the market participants are in the dicey position as to what they should expect when it comes to the trade battle between the US and China.

Earlier, there were little hopes that a temporary halt in the trade battle for the period of 90 days might lead to a permanent settlement. However, it seems like, after the arrest of the CFO of Huawei, even this optimism is not visible in the minds of the investors. Therefore, moving forward the equities might witness an unfavourable momentum which would further increase the worries related to the economic slowdown.

Will Oil Prices Fall Further?

It seems like nothing is going well for the market participants who could further deteriorate the sentiments of these participants. On one side, there are now worries that the trade battle between the US and China might escalate from the present stage and on the other side, the meeting on December 6, 2018, also not ended as expected by the market players. There were expectations the productions cuts would be announced at the meeting which might help the oil prices to witness a rise, and this might have helped the investors’ sentiments. However, the OPEC or Organisation of the Petroleum Exporting Countries has not yet made a decision about the production cuts.

There were strong expectations that the meeting would be ended by announcing the production cuts. The oil prices have been witnessing the negative impacts primarily because of the worries related to its demand. Moreover, everything is not good in the financial markets as well. The worries related to the slowdown with respect to the global economic growth have again started impacting the investors’ minds.

Australian Markets Ended Higher

Moving forward, if the trade battle between the US and China escalates, it could further impact the growth prospects of the global economy, including the Australian economy. However, today the S&P/ASX200 managed to close on the positive note. On December 7, 2018, S&P/ASX200 ended the session at 5681.5 which implies a rise of 23.8 points or 0.4%. Talking about the gainers, The Star Entertainment Group Limited (ASX: SGR) and Goodman Group (ASX: GMG) ended the session by witnessing the rise of 5.287% and 4.183%, respectively. On the other hand, IOOF Holdings Limited (ASX: IFL) and Adelaide Brighton Limited (ASX: ABC) closed the session by declining 35.844% and 9.533%, respectively.

Adelaide Brighton Limited has lowered its expected range for the NPAT or net profit after tax. Read the full news here. Another company, FE Investments Group (ASX: FEI) made an announcement regarding its half-yearly results. Read the full news here.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


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.


Top 25 Dividend Stocks To Consider

People prefer a dividend stock in their portfolio as it possesses the feature of compounding. Compounding means that the earning which is generated through these dividend stock will get reinvested and will eventually create earnings from earning. More precisely, the dividend generated from these dividend stock will get reinvested to buy another set of a share of the dividend stock which results in giving a higher dividend.

Click here to download your top 25 dividend stocks report!

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report


Please enter your comment!
Please enter your name here