The investors have lots of news to track in order to be certain about the market movements in the present scenario. Not so long ago, the market players took a hint that US Federal Reserve Chairman Mr. Jerome Powell would be patient with the increases in the interest rates. This news was very much required by the market players as there were increased worries about the global economic slowdown. However, the market participants were also tracking the news about the partial government shutdown and trade war between the US and China. It can be stated that the strong momentum in the Dow Jones on February 12, 2018 was primarily supported positive news about the partial government shutdown. There are expectations that the partial government shutdown might not take place.
The trade tensions could significantly impact the sentiments of the global market participants which might trigger the selloff in the equities. Therefore, the settlement of the dispute is of utmost importance for the benefit of the global equity markets. On February 12, 2019, Dow Jones Industrial Average closed the session in green as the index witnessed the rise of 372.65 points or 1.49% and closed at 25,425.76.
How Trade Worries Can Impact Oil Prices?
The oil prices are sensitive to the news related to the trade war between the US and China as the geopolitical worries have the potential to disrupt the sentiments of the global markets. The negative momentum in the financial markets could pull the oil prices down as it might hint that the demand of oil would get impacted. The concerns about the lower demand might negatively impact oil prices. Therefore, it can be said the settlement of the trade fight would be beneficial for the global equity markets as well as for the oil prices.
Australian Markets Ended the Session in Red
Today (i.e. February 13, 2019), the Australian markets closed the session in red as S&P/ASX200 index witnessed the decline of 15.5 points or 0.3% and closed at 6063.6. Not so long ago, the central bank of Australia i.e. Reserve Bank of Australia had kept the cash rate unchanged at 1.50%. The statement also highlighted the information related to the housing markets in Sydney as well as in Melbourne and Mr. Philip Lowe stated that housing markets are encountering the period of adjustment. On February 13, 2019, the stocks like Northern Star Resources Limited (ASX: NST) and Emeco Holdings Limited (ASX: EHL) closed the session by rising 7.469% and 5.904%, respectively.
On the other hand, the stocks like Pact Group Holdings Limited (ASX: PGH) and Bapcor Limited (ASX: BAP) closed today’s session by falling 8.732% and 7.944%, respectively. Tabcorp Holdings Limited (ASX: TAH) came forward and released the half-year results for FY 2019. Read the full news here. Also, Virgin Australia Holdings (ASX: VAH) had released the results for H1 FY 2019. Read the full news here.
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