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On Friday, Dow Jones Industrial Average ended the session in green as the index closed higher. It can be said that the previous week somewhat witnessed fluctuations in the stock of Boeing Co (NYSE:BA). Moreover, as the market players are aware, the equity markets are sensitive to the global factors and the news about the trade dispute between the US and China. However, it can be said that moving forward, the global market participants would be focused towards the meeting of the US Federal Reserve. The meeting has been scheduled to take place on March 19, 2019- March 20, 2019. Even though the market players are expecting that the US central bank would be keeping the rates unchanged, the investors need to closely track the meet in order to have a broad understanding.
Needless to say, the US markets are very much sensitive to the interest rate decision of the US Federal Reserve. It is important to note that the Federal Reserve chairman needs to adjust interest rates in order to check the inflation. On Friday (i.e. March 15, 2019), Dow Jones Industrial Average closed the session at 25,848.87 which implies the rise of 138.93 points or 0.54%. Also, S&P 500 Index got wrapped up at 2,822.48 reflecting the rise of 14 points or 0.50%.
Oil Prices Are Sensitive to Macro Factors
It can be said that the oil prices are also sensitive to the interest rate decision of the US Federal Reserve as interest rate decision significantly affects the broader momentum of equity markets. A downturn in the global equity markets, generally, negatively impacts the oil prices primarily because it increases the questions about the oil demand. If the market participants expect that the oil demand is in danger, it might weigh over the oil prices.
Australian Markets Closed Session in Green: What Market Participants Should Know
Today (i.e. March 18, 2019), the Australian markets have ended the session in green as S&P/ASX200 Index got closed at 6190.5 which implies the rise of 15.3 points or 0.2% on an intraday basis. The Australian markets are very much sensitive to the broader movement of the global equity markets. Currently, the cash rate in Australian is 1.50%. Coming to the performance of stocks, Fortescue Metals Group Limited (ASX:FMG) and Nanosonics Limited (ASX:NAN) had closed todayâs session in green as the prices of these stocks rose by 5.401% and 4.077%, respectively. On the other hand, the stocks of Bingo Industries Limited (ASX:BIN) and Hub24 Limited (ASX:HUB) had closed the session in red as the prices of these stocks fell 4.908% and 4.863%, respectively.
We would now be looking at some of the important news. Buddy Platform Limited (ASX:BUD) had come forward and provided an update about the debt financing for LIFX acquisition. Also, Capricorn Metals Ltd (ASX:CMM) had reported an exploration update. In order to read the full news, please click here.
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