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It can be said that the market players are now again worried about the slowdown in the global economic growth and this could significantly impact the sentiments of the investors moving forward. The Dow Jones Industrial Average was primarily weighed by unfavourable momentum which was witnessed in the retails sales. The retail sales for the month of December 2018 witnessed the fall of 1.2% as compared to the previous month. It seems like the investors have a lot to handle as they were already tracking the news about the US and China trade dispute and now these retail sales numbers have increased the fears in the minds of the investors. Earlier, the central bank of the US had stated that the Federal Reserve would be patient when it comes to the interest rate hikes.
Dow Jones Witnesses Fall on Worries Over Economic Growth
Therefore, in the present market scenario, the global market players need to carefully understand the global economic parameters as well as other important factors before they make deployments in the equity markets. On February 14, 2019, Dow Jones Industrial Average closed the session at 25,439.39 which implies the fall of 103.88 points or 0.41%. Also, S&P 500 Index closed at 2,745.73 reflecting the fall of 7.30 points or 0.27%.
What Could Affect Oil Prices?
The oil prices are sensitive to the movements in the equity markets as well as the global macro-economic variables. A downfall in the equity markets negatively impacts the oil prices primarily because the negative momentum in the equity markets might impact the demand of oil. Moreover, the oil prices are also expected to remain sensitive to the geopolitical worries and the permanent settlement of the trade dispute between the US and China might help the oil prices. There are expectations that this settlement would also support the broader equity markets.
Australian Markets Rose Marginally: A Brief Overview
Today, the Australian markets closed the session in green as S&P/ASX200 index closed the session marginally higher at 6066.1 which implies the rise of 6.7 points or 0.1% on an intraday basis. Moving forward, there are expectations that the economy of Australia as well as Australian equity markets would be sensitive to news about the trade battle between the US and China. The stocks like Domain Holdings Australia Limited (ASX:DHG) and Lynas Corporation Limited (ASX:LYC) closed the session in green as these stocks witnessed the rise of 21.053% and 11.89%, respectively.
Also, on the other hand, the stocks like Automotive Holdings Group Limited (ASX:AHG) and Whitehaven Coal Limited (ASX:WHC) closed the session on February 15, 2019 in red as these stocks witnessed the decline of 8.146% and 6.681%, respectively. Paladin Energy Limited (ASX:PDN) had come forward and made an announcement about the quarterly results. Read the full news here. Also, Baby Bunting Group Limited (ASX:BBN) had made an announcement about the half-yearly results for FY 2019.
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