As the market players are aware, the global equity markets are sensitive to the number of factors which includes the geopolitical worries as well as macro-economic variables. The trade battle between the US and China is one of the crucial factors which has the potential to affect the equity markets as well as sentiments of market players. If the trade dispute settles down on a permanent basis, it would substantially help the prospects of economic growth. Not so long ago, the US equity markets were highly sensitive to the corporate earnings. Recently, the US Federal Reserve had published minutes of meeting which was conducted on January 29-30, 2019. After the meeting which was conducted, the market players took the hint that the US central bank would be patient about the interest rate increases.
This type of news was much needed for the market players as these players were already having the fears related to the global economic slowdown. The concerns for the slowdown was further increased after the investors came to know about the weakness in the Chinese economy. On February 21, 2019, Dow Jones Industrial Average ended the session in red as the index was down 103.81 points or 0.40% and was closed at 25,850.63. Also, S&P 500 Index closed in red as it fell by 9.82 points or 0.35% and got wrapped up at 2774.88.
What Factors to Affect the Oil Prices?
It can be said that, in the current scenario, the oil prices are sensitive to several factors which also includes the supply cuts as well as the US sanctions. Moreover, these prices also get influenced by the movement in the global equity markets. If the broader equity markets witness a downtrend, it would significantly impact the oil prices. However, the settlement of trade battle between the US and China might positively impact the oil prices.
Australian Markets Ended in Green As S&P/ASX200 Closes Up
Today (i.e. February 22, 2019), the Australian markets closed in green as S&P/ASX200 got wrapped up at 6167.3 which reflects the rise of 28.1 points or 0.5% on an intraday basis. Coming to the stocks, on February 22, 2019, InvoCare Limited (ASX: IVC) and Automotive Holdings Group Limited (ASX: AHG) have ended the session in green as the stock prices have encountered the rise of 12.003% and 8.832%, respectively. On the other hand, the stocks like Saracen Mineral Holdings Limited (ASX: SAR) and Mayne Pharma Group Limited (ASX: MYX) wrapped up the session in red as these stocks witnessed the fall of 5.282% and 5%, respectively.
InvoCare Limited had come forward and informed the market players about the results for FY 2018. Read the full news here. Also, Automotive Holdings Group Limited had also made an announcement about 1H FY 2019 results. Read the full news here. Mayne Pharma Group Limited had also released their results for 1H FY 2019. Read the full news here.
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