Market Update: Dow Jones Witnessed Rise on February 13, 2019. What You Should Know

Market Update: Dow Jones Witnessed Rise on February 13, 2019. What You Should Know

As the market players are aware, the broader equity markets are very sensitive to the news related to the global macro-economic factors. Currently, it can be said that the market participants are maintaining their focus towards the news about the trade war between the US and China. The trade dispute should end as soon as possible as the end of this war might support the broader sentiments of the global market players. Moreover, the settlement would also help the global equity markets. The geopolitical tensions have the potential to derail the prospects of global economic growth. The worries about the slowdown in the global economic growth were increased after the global market trackers saw weakness the economy of China. As a result of this, the market participants were of the view that the Chinese officials need to adopt certain measures which have the capability to support the broader Chinese economy.

Yesterday, the Dow Jones Industrial Average ended the session in green as the index witnessed the rise of 117.51 points or 0.46% and got closed at 25,543.27. Also, S&P 500 Index ended the session in green and encountered the rise of 8.30 points or 0.30% and wrapped up the session at 2,753.03.

What Factors Broadly Affects the Oil Prices?

It is very important to know for the market players that there are several factors which affect the oil prices which includes the macro-economic factors as well as the financial markets. A negative momentum in the equity markets might weigh over the oil prices. This is largely because in the falling equity markets environment, the concerns of the investors related to the oil demand increases. A fall in the demand of oil would, in turn, negatively impact the oil prices.

Australian Markets Witnessed A Marginal Fall: A Brief Look

Today (i.e. February 14, 2019), the Australian markets wrapped up the session in green as S&P/ASX200 ended at 6059.4 which implies the fall of 4.2 points or 0.1%. It is important to know that an end to the trade dispute between the US and China might also support the broader Australian economy as well as Australian equity markets. The stocks like Breville Group Limited (ASX: BRG) and Cleanaway Waste Management Limited (ASX: CWY) closed the session by witnessing the rise of 18.007% and 13.111%, respectively. However, on the other hand, the stocks like Unibail-Rodamco-Westfield (ASX: URW) and AMP Limited (ASX: AMP) closed the session by encountering the fall of 8.388% and 7.787%, respectively.

Aventus Group (ASX: AVN) had come forward and made an announcement about the half-year results for FY 2019. Read the full news here. Newcrest Mining Limited (ASX: NCM) had also made an announcement about the half year results for FY 2019. Tead the full news here. Suncorp Group Limited (ASX: SUN) had come forward and published the half-year financial report. Read the full news here.

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