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As the market players are aware, the trade battle between the US and China negatively impacted the global equity markets and weighed over the sentiments of the global market players. Therefore, there had been fears in the minds of the investors about the slowdown in global economic growth which were further increased after the weakness was witnessed in the broader Chinese economy. The weakness in the economy like China was a matter of concern for the global market players. Therefore, the permanent settlement of the trade battle is the most crucial event which could substantially help the equity markets. Therefore, in the present scenario, the global equity markets are extremely sensitive to the news about the trade battle between the US and China. However, the efforts are being made to resolve the trade battle.
On February 25, 2019, Dow Jones Industrial Average ended the session in green as the index closed at 26,091.95 which implies the rise of 60.14 points or 0.23%. However, S&P 500 Index also closed in green as it witnessed the rise of 3.44 points or 0.12% and closed at 2796.11.
Oil Prices Are Sensitive to What Factors?
The oil prices are sensitive to the several global macro-economic factors as well as to the movement in the global financial markets. The permanent settlement of the trade war might help the global equity markets which could, in turn, support the oil prices. A downturn in the equities could weigh over the oil prices because, in such a scenario, the oil demand comes into question. If there are expectations that the oil demand would decline, it would pull the prices down.
Australian Markets Ends the Day in Red: S&P/ASX200 Falls
Today (i.e. February 26, 2019), the Australian markets closed the session in red as S&P/ASX200 closed in red and was down 57.9 points or 0.9% and stood at 6128.4. The news related to the trade war between the US and China and the performance of the global equity markets would influence the performance of the broader Australian equity markets. Talking about the stocks, Speedcast International Limited (ASX:SDA) and Orocobre Limited (ASX:ORE) had closed the session in green as the prices of these stocks witnessed the rise of 13.134% and 7.082%, respectively.
On the other hand, the stocks like Afterpay Touch Group Limited (ASX:APT) and Alumina Limited (ASX:AWC) had closed todayâs session in red as the prices of these stocks fell by 11.463% and 8.029%, respectively. Yancoal Australia Limited (ASX:YAL) had come forward and reported the earnings for FY 2018. In order to read the full news, please click here. Also, Speedcast International Limited had posted the results for FY 2018 (i.e. year ended December 2018). In order to read the full news, please click here. Slater and Gordon Limited (ASX:SGH) had made an announcement about the results for the half-year ended December 31, 2018. In order to read the news in detail, please click here.
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