It can be assumed that the investors are now maintaining their focus towards the earnings season. Not so long ago, the global market players welcomed the dovish comments from the US Federal Reserve as the central bank stated that they would be patient with respect to the interest rate increases. These comments from the Chairman Mr. Jerome Powell was much awaited as the global investors were having fears about the global economic slowdown. However, the global market trackers also need to closely track the news about the trade battle between the US and China. This battle has significantly impacted the broader Chinese economy and, according to the market players, the Chinese officials need to announce certain measures which could help the economy of China.
On February 6, 2019, Dow Jones Industrial Average closed the session in green as the index witnessed the rise of 172.15 points or 0.68% to close at 25,411.52. In addition, S&P 500 Index also closed in green as it rose 12.83 points or 0.47% to close at 2,737.70.
What You Should Know Regarding Oil Prices?
The global investors need to consider several factors while understanding the movement in oil prices. The oil prices are very much sensitive to the macro-economic variables as well as the movement of the financial markets. Moreover, considering the present scenario, the market players also need to consider the conditions with regards to the global oil supply. The negative momentum in the global financial markets might also lead to a fall in the oil prices which makes the movement of the financial markets a critical component for understanding the oil prices. These prices are also sensitive to the news concerning trade battle between the US and China. A permanent settlement might support the oil prices and the settlement could also improve the sentiments of the global market players.
How Markets in Australia Performed?
The Australian markets closed the session marginally higher today. On February 6, 2019, S&P/ASX200 wrapped up the session in green as the index closed at 6026.1 which implies the rise of 20.2 points or 0.3%. Moving forward, the Australian markets would continue to be sensitive to the news about broader Australian economy as well as to the global markets’ performance. The stocks like Viva Energy Group Limited (ASX: VEA) as well as Bellamy’s Australia Limited (ASX: BAL) ended the session in green as they have witnessed an increase of 13.766% and 5.336%, respectively.
On the other hand, stocks like oOh!Media Limited (ASX: OML) as well as Northern Star Resources Limited (ASX: NST) wrapped up the session in red as they encountered the fall of 4.545% and 3.759%, respectively. Centuria Metropolitan REIT (ASX: CMA) had come forward and informed the market players about its results for 1H FY2019. Read the full news here. Also, Alacer Gold Corporation (ASX: AQG) had made an announcement about annual financial and operating results. Read the full news here.
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