In the present scenario, the global markets are sensitive to the news and the progress related to the trade battle between the US and China. If the trade battle did not settle down, it could disrupt the global economic environment and might weigh over the sentiments of the global market players and, thus, prompting them to liquidate their holdings. In a disturbing economic environment, the market participants tend to reduce their exposure towards risky assets like equities and prefer to deploy their investable capital in safer instruments. However, the efforts are being made to end the trade dispute. If the trade battle ends, it would support the momentum of equity markets and might also help the global trade environment.
The trade war has the potential to derail the prospects of global economic growth and might impact different sectors. However, the efforts to resolve the dispute generally help the sentiments of market participants and the equity markets. The expectations that these efforts would materialize also provides the boost. Yesterday (i.e., March 5, 2019), Dow Jones Industrial Average ended the session at 25,806.63 which reflects the marginal fall of 13.02 points or 0.05%. Also, S&P 500 Index wrapped up the session at 2789.65 which implies the fall of 3.16 points or 0.11%.
Understanding the Factors Impacting Oil Prices
The oil prices are very sensitive to the global trade environment and any sort of disturbances can dampen this environment which could also weigh over the sentiments of investors. A rise in the worries about global economic growth can negatively impact the oil prices as it increases the concerns about the demand of oil. If the expectations are that the oil demand would witness a fall, it would severely impact the oil prices.
Australian Markets Ends in Green: S&P/ASX200 Closed at 6245.6
The Australian markets ended the session in green as S&P/ASX200 got wrapped up at 6245.6 which reflects the rise of 46.3 points or 0.7% on an intraday basis. S&P/ASX 200 Consumer Discretionary sector got close at 2,333.8 which implies the rise of 0.56% on an intraday basis. Coming to the performance of stocks, Western Areas Limited (ASX: WSA) and Independence Group NL (ASX: IGO) ended the session in green as the prices of these stocks rose by 6.787% and 5.757%, respectively.
On the other hand, the stocks like Automotive Holdings Group Limited (ASX: AHG) and Ardent Leisure Group Limited (ASX: ALG) had closed the session in red as the prices of these stocks encountered the fall of 3.431% and 3.427%, respectively. Coming to some of the important news, Myer Holdings Limited (ASX: MYR) had come forward and made an announcement about the results for 1H FY 2019. Read the full news here. Also, Eagle Mountain Mining Limited (ASX: EM2) had made an announcement about the completion of its Phase 1 drilling. Read the full news here. Horseshoe Metals Limited (ASX: HOR) had announced its plan to unload Horseshoe Lights Project. Read the full news here.
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