Market Update: Dow Jones Witnesses Significant Fall After Weak Data Increased Fears

Market Update: Dow Jones Witnesses Significant Fall After Weak Data Increased Fears

As the market players are aware, the global markets are currently sensitive in relation to macro-economic parameters. These parameters also influence the decision of global market players. Yesterday, it can be said that Dow Jones Industrial Average witnessed the fall due to weaker construction spending report which dampened the sentiments of market participants. The market players also need to know that the markets are sensitive to the trade war news as well. The settlement of the trade wars has a potential to substantially support the momentum of global markets, and this settlement could also reduce the fears of a global economic downturn.

Therefore, it is for the interest of global market players to end the trade dispute as soon as possible. The markets have seen the negative impacts of a trade war between the US and China and, in the investors’ minds, the fears have increased with respect to the global economic downturn. The geopolitical worries have the potential to disrupt the broader economic growth and these worries can also trigger outflows from the broader equity markets. Yesterday (i.e., March 4, 2019), Dow Jones Industrial Average ended at 25,819.65 which implies the fall of 206.67 points or 0.79%. Also, S&P 500 Index got wrapped up at 2792.81 reflecting the fall of 10.88 points or 0.39%.

Equity Markets’ Movements, Trade Wars News Might Influence Oil Prices

The oil prices are sensitive to several macro fundamentals and the news associated with the trade dispute between the US and China. If there is any factor which is hinting that there could be a negative impact on global growth, the oil prices would generally fall because it increases the tensions about the demand of oil. If the market players expect that the oil demand would witness a fall, it would negatively impact the oil prices.

Australian Markets Closed in Red, S&P/ASX200 Falls 0.3%

The Australian markets ended the session in red as S&P/ASX200 closed at 6199.3 reflecting the fall of 18.1 points or 0.3% The Australian markets and broader economy is very sensitive to the news associated with the trade battle between the US and China. The settlement of battle might significantly support broader Australian economy and equity markets. The stocks like Metcash Limited (ASX: MTS) and IRESS Limited (ASX: IRE) had ended the session in green as the price of these stocks rose 4.869% and 3.025%, respectively.

Orocobre Limited (ASX: ORE) and Syrah Resources Limited (ASX: SYR) had closed today’s session in red as prices of these stocks fell 6.25% and 5.926%, respectively. Coming to the important news, iCandy Interactive Limited (ASX: ICI) had come forward and made an announcement that it would be acquiring 20% stake in Xcademy Limited. Read the full news here. Also, Andromeda Metals Limited (ASX: ADN) came forward and made an announcement of trial results from Carey’s well ore. Read the full news here. Prospect Resources Limited (ASX: PSC) made an announcement about the Arcadia Project. Read the full news here.


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