Market Update: Worries About Slower Chinese Economy Weighed Over Investors’ Sentiments, Yet Again

Market Update: Worries About Slower Chinese Economy Weighed Over Investors’ Sentiments, Yet Again

As the market players are aware, the global equity markets are very sensitive to macro-economic variables and the news which is associated with the US and China trade battle. The latest Chinese data has reflected weakness which has further increased the worries about the slower Chinese economy. The slowdown in an economy like China is actually a big matter of concern for the market participants. This slowdown can further increase the worries about the global economic downturn and can dampen the momentum of the broader equity markets. If the worries of global downturn rise, it tends to negatively impact the investors’ sentiments which might prompt them to liquidate their holdings. As a result, the investors avoid making investments in risky assets like equities and they start looking for safer instruments to deploy their investable capital. Also, the permanent end of trade battle between the US and China is of utmost importance as the settlement might help the global equity markets.

Yesterday (i.e. February 28, 2019), Dow Jones Industrial Average ended at 25,916.00 which implies the fall of 69.16 points or 0.27% on an intraday basis. Also, on the same day, S&P 500 Index closed at 2784.49 which implies the decline of 7.89 points or 0.28%.

What Factors Could Affect Oil Prices?

The oil prices get negatively impacted by the worries about the global economic slowdown and from the negative news related to trade war. However, in the current scenario, these prices are also sensitive to the actions taken by OPEC. The concerns about slowdown pulls down the oil prices largely because the downturn fears might negatively impact the oil demand. However, if the trade battle between the US and China ends on a permanent basis, it might significantly support oil prices and the sentiments of market players.

Australian Markets Ends in Green: S&P/ASX200 Ends 0.4% Higher

Today (i.e. March 1, 2019), the Australian markets ended the session in green as S&P/ASX200 Index ends at 6192.7 which implies the rise of 23.7 points or 0.4% on an intraday basis. The worries about the global economic slowdown can also impact the broader Australian equity markets. Bellamy’s Australia Limited (ASX: BAL) and Afterpay Touch Group Limited (ASX: APT) had wrapped up the session in green as the prices of these stocks witnessed the rise of 8.344% and 6.1285, respectively.

On the other hand, the stocks like Automotive Holdings Group Limited (ASX: AHG) and Lynas Corporation Limited (ASX: LYC) had closed the session in red as the prices of these stocks witnessed the decline of 8.261% and 5.398%, respectively. BrainChip Holdings Limited (ASX: BRN) had come forward and made an announcement about the results for FY 2018. Read the full news here. Mobecom Limited (ASX: MBM) had come forward and made an announcement about half-yearly financial report and the notice of general meeting. Read the full news here. Yojee Limited (ASX: YOJ) had made an announcement about half-yearly report for FY 2019. Read the full news here.


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