It seems like the investors have got something to cheer about. The market players were having increased tensions because of the concerns relating to the global economic slowdown. On February 15, 2019, Dow Jones Industrial Average witnessed a substantial rise. It can be said that the efforts are being made to settle the trade battle between the US and China. It is very important to permanently end the trade battle as it might support the sentiments of the global market players. Moreover, the settlement might also help the equity markets. Earlier, the market players got a hint from the US Federal Reserveâs Chairman that they would be patient when it comes to interest rate hikes.
On February 15, 2018, Dow Jones Industrial Average closed the session in green as the index witnessed the rise of 443.86 points or 1.74% and closed the day at 25,883.25. However, S&P 500 also wrapped up the session in green by encountering the rise of 29.87 points or 1.09% and closed at 2775.60. It can be said that the equity markets would be very sensitive to the news related to the global macro-economic variables and about the trade battle between the US and China.
What Factors Might Affect Oil Prices?
As the market players are aware, the oil prices are very sensitive to the financial marketsâ movements as well as to the global macro factors. A decline in the equity markets increases the concerns about the oil demand which pulls down the oil prices. However, the favourable macro-economic environment, positive movements in the equity markets as well as settlement of the geopolitical worries positively impact the oil prices. Moving forward, there are expectations that the oil prices would largely be sensitive to the news about the trade war between the US and China.
Australian Markets Ends Up in Green: A Quick Look
Today (i.e. February 18, 2019), the Australian markets wrapped up the session in green as S&P/ASX200 index encountered the rise of 23.7 points or 0.4% and closed at 6089.8. Talking about the performances of the indexes, S&P/ASX 200 Consumer Discretionary (Sector) (XDJ) closed the session marginally lower at 2,262.9 reflecting the fall of 0.01%. However, the stocks like Automotive Holdings Group Limited (ASX:AHG) and GWA Group Limited (ASX:GWA) closed the session in green as they have witnessed the rise of 8.563% and 4.375%, respectively. On the other hand, the stocks like Bingo Industries Limited (ASX:BIN) and Smartgroup Corporation Limited (ASX:SIQ) have ended the todayâs session in red as these stocks have witnessed the fall of 49.13% and 9.184%, respectively.
Ansell Limited (ASX:ANN) had made an announcement about the FY 2019 Half-Year Results. In order to read the full news, please click here. Also, Bingo Industries Limited had come forward published the market update as well as the outlook for FY 2019. Read the full news here. Freelancer Limited (ASX:FLN) had made an announcement about the FY 2018 results (i.e. period ended December 31, 2018). Read the full news here.
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