It can be said that the investors are closely tracking the news related to the US and China trade talks and the global markets would be very sensitive to this news. On the other hand, it can be assumed that they have been maintaining their focus towards the earnings of the US companies. The geopolitical worries can significantly impact the sentiments of the broader markets and these worries might prompt investors to liquidate their holdings in the equities which might trigger the downward momentum in the equity markets. Not so long ago, the global market participants took the hints from Mr. Jerome Powellâs comments that the central bank of the US would be patient with regards to the increases in the interest rates.
These comments from the US central bank was very much needed especially during the times when the investors are fearing the global economic slowdown. However, it is also important to know that the US central bank needs to keep a check on the inflation also. On February 11, 2019, Dow Jones Industrial Average closed the session in red as the index witnessed the fall of 53.22 points or 0.21%. The Dow Jones Industrial Average index ended at 25,053.11.
What Market Players Need to Know About Oil Prices?
The oil prices are sensitive to the news related to the global macro-economic variables and the geopolitical worries. In the present scenario, it can be said that the oil prices would be sensitive to news about the trade war between the US and China. Any negative news has the potential to pull down the prices of oil. Moreover, oil prices are also sensitive to the equity marketsâ fluctuations. A fall in the equity markets might negatively impact the demand of oil which could reduce the oil prices.
What Happened Today in Australian Markets? A Brief Look
Today (i.e. February 12, 2019), the Australian markets wrapped up the session in green as S&P/ASX200 index witnessed the rise of 18.3 points or 0.3% and closed at 6079.1. It is also important to know that the performance of the Australian equity markets would be sensitive the news about the trade wars. Therefore, the settlement of the trade fight might help the broader Australian markets. Ausdrill Limited (ASX:ASL) and Emeco Holdings Limited (ASX:EHL) closed the todayâs session by witnessing the rise of 7.192% and 5.039%, respectively.
On the other hand, the stocks like Pact Group Holdings Limited (ASX:PGH) and Estia Health Limited (ASX:EHE) closed the session by witnessing the fall of 9.669% and 3.6%, respectively.
Pact Group Holdings had come forward and made an announcement related to the non-cash impairment charges for 1H FY 2019. Read the entire news here. Also, OtherLevels Holdings Limited (ASX:OLV) had come forward and made an announcement related to the operational update. Read the full news here. Megaport Limited (ASX:MP1) announces its half-year results as well as operational updates. Read the full news here.
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