It can be said that the US markets are now reacting to the news related to the corporate earnings, as expected by the market participants. However, still market players are concerned about the global economic downturn. However, it can be said that the earlier these fears were reduced after the market participants took hints from the comments of the Federal Reserve that they would be raising the rates patiently moving forward. The weaker Chinese economy had also increased the tensions about the global slowdown. This also suggests that the trade tensions between the US and China weighed over the economy of China. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]
The sentiments of the global investors get negatively impacted if the worries about the slowdown increases. The trade battle between the US and China also hampers the consumers’ sentiments as well as business sentiments. Yesterday, Dow Jones closed the session in red as the index encountered the fall of 21.22 points or 0.084% to close at 25,390.30. Also, S&P 500 Index ended the session on February 6, 2019 in red as this index witnessed the fall of 6.09 points or 0.22% to close the day at 2,731.61.
What Investors Should Know About Oil Prices
The oil prices are sensitive to several factors like the financial markets’ movements as well as global macroeconomic parameters. The cuts with respect to the supply happen to have focused on supporting the prices. Therefore, before deciding on the outlook for the oil prices, the market players need to carefully track the macro-economic indicators as well as the actions which might affect the oil prices. The oil prices are also sensitive to the movements in the stock markets as a downturn in the equity markets can lead to the decline in the oil prices.
Australian Markets Closed in Green: What You Need to Know
The Australian markets concluded the session in green as S&P/ASX200 index closed higher on February 7, 2019. Today, S&P/ASX200 wrapped up the day at 6092.5 which implies the rise of 66.4 points or 1.1%. In the recent meeting of the Reserve Bank of Australia, the governor had kept the cash rate unchanged at 1.50%. However, the stocks like IDP Education Limited (ASX: IEL) and CYBG PLC (ASX: CYB) had closed today’s session in green as the stock prices of these companies witnessed the fall of 21.159% and 17.868%, respectively.
On the other hand, the stocks like Saracen Mineral Holdings Limited (ASX: SAR) and AGL Energy Limited (ASX: AGL) had closed the session in red as the stock prices of these companies witnessed the fall of 5.199% and 4.783%, respectively. IDP Education Limited had come forward and made an announcement related to the 1H FY 2019 results. Read the full news about the company here. Also, Stealth Global Holdings Limited (ASX: SGI) had come forward and informed the market participants about the trading update with respect to 1H FY 2019. Read the news about the company here.
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