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As the market players are aware, the global markets are sensitive to the macro variables. These variables also include the news related to the geopolitical worries as well as the comments from the US Federal Reserve in relation to the monetary policy. However, the market players had taken a hint that the US central bank would be patient with regards to the interest rates hikes moving forward which, no doubt, is very much needed. Not so long ago, the fears about the global economic slowdown were negatively impacting the sentiments of the market players and the global markets. These fears generally prompt investors to liquidate their holdings which impacts the broader markets. [optin-monster-shortcode id="swikrbu1d9j9aq0o4cko"]
The patient approach of the US central bank in raising the interest rates generally support the sentiments of investors and also broader markets. However, it is also important to know that the US Federal Reserve has to adjust interest rates in order to check inflation. On February 26, 2018, Dow Jones Industrial Average ended the session in red as the broader index closed at 26,057.98 which reflects the fall of 33.97 points or 0.13% on an intra-day basis. Also, the S&P 500 Index ended at 2793.90 representing the fall of 2.21 points or 0.08%.
Oil Prices Are Sensitive to OPEC Actions
The oil prices are also sensitive to geopolitical factors and the negative news from this front can severely weigh over the oil prices. However, the worries about global slowdown have the potential to pull the oil prices down as, in this type of scenario, there are expectations that the oil demand would be negatively impacted. However, currently, the oil prices are sensitive to several factors which includes the actions from the OPEC or (Organization of the Petroleum Exporting Countries).
Australian Markets Ends Higher: What You Should Know
Today (i.e. February 27, 2019), the Australian markets have wrapped up the session in green as the S&P/ASX200 Index closed at 6150.3 which implies the rise of 21.9 points or 0.4%. The momentum in the global financial markets, as well as the news about the trade battle between the US and China, would influence the broader equity markets of Australia. Talking about the stocks, Vocus Group Limited (ASX:VOC) and Seek Limited (ASX:SEK) had wrapped the session in green as the prices of these stocks ended the day by rising 9.972% and 8.247%, respectively.
On the other hand, the stocks like NEXTDC Limited (ASX:NXT) and Reliance Worldwide Corporation Limited (ASX:RWC) had closed the session in red as the prices of these stocks fell by 8.192% and 6.557%, respectively on an intraday basis. Prime Financial Group Limited (ASX:PFG) had informed the market players about the results for 1H FY 2019. Read the full news here. Also, Starpharma Holdings Limited (ASX:SPL) had made an announcement about the results for 1H FY 2019. Read the full news here. Superloop Limited (ASX:SLC) had come forward and announced about the completion of institutional placement and an institutional entitlement offer. Read the news here.
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