The Dow Jones Industrial Average witnessed significant rise on January 30, 2019. The US central bank left the rates unchanged from the current levels which broadly anticipated by the global market players. However, with respect to the Federal Reserve, there was another news which supported the broader sentiments of the market players. The market players are expecting that the US Federal Reserve would be patient when it comes to interest rates hikes. This has substantially supported the market players’ sentiments. However, Apple Inc. (NASDAQ: AAPL), which posted the results for the December 2018 quarter on January 29, 2019, also closed the session on January 30, 2019 in green as the stock rose US$10.57 per share or 6.83% and closed at US$165.25 per share.
The patience with respect to the interest rate hikes was very important for the global market players as there are worries about the downturn in global economic growth. The trade war between the US and China might negatively impact the sentiments of the investors. These geopolitical worries also derail the growth momentum of the global business environment. On January 30, 2019, Dow Jones Industrial Average closed the session at 25,014.86 which implies the rise of 434.90 points or 1.77%.
How Financial Markets Affect Movements in Oil Prices
The oil prices are sensitive to the global macro-economic conditions as well as the movements in the financial markets. If the financial markets witness a downturn, this could pull the oil prices down primarily due to the worries about the oil demand. Therefore, if any unfavourable macro-economic news negatively impacts the financial markets, it could make the oil prices fall. Therefore, the investors need to closely consider the macro-economic factors when they are observing the oil prices.
Australian Markets Closed the Session Lower
Today, the Australian markets closed lower as S&P/ASX200 ended the session in red. On January 31, 2019, S&P/ASX200 closed at 5864.7 which implies the fall of 22 points or 0.4%. The macro-economic factors as well as the news related to the trade wars would impact the broader Australian economy as well as the Australian markets. The settlement of the trade dispute between the US and China might support the global financial markets and it might also help the Australian markets. The stocks like Xero Limited (ASX: XRO) and Western Areas Limited (ASX: WSA) ended the session on January 31, 2019 in green as these have witnessed the rise of 8.771% and 7.306%, respectively.
On the other hand, the stocks like Syrah Resources Limited (ASX: SYR) and Emeco Holdings Limited (ASX: EHL) closed the session in red as these stocks witnessed the decline of 10.057% and 4.237%, respectively. Danakali Limited (ASX: DNK) had made an announcement with regards to its quarterly report. Read the full news here. Also, Liquefied Natural Gas Limited (ASX: LNG) had released the activities report for the December 2018 quarter. Read the full news here.
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