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The Federal Reserve had released the minutes of the meeting which was held on January 29-30, 2019. As the market players are aware, the meeting hinted that the central bank would be patient when it comes to the interest rate hikes. The Federal Reserveâs hint of being patient when it comes to the hikes in interest rates was the most important news which the global market players were waiting for. There have been worries about the slowdown in global economic growth and, it can be said that these worries have severely impacted the sentiments of global investors. The increased tensions have the potential to prompt the investors to liquidate their investments which they have made in the equities.
The fears about the global economic slowdown were increased after the weakness in the Chinese economy was witnessed. It can be said that the trade battle between the US and China was the primary reason for the slowdown in the Chinese economy. Moreover, presently, it can be said that the market players are focusing on the news about the trade war. On February 20, 2019, Dow Jones Industrial Average had ended the session in green as the index witnessed the rise of 63.12 points or 0.24% and closed at 25,954.44. Also, S&P 500 Index closed at 2784.70 which implies a rise of 4.94 points or 0.18%
Several Factors Influencing Oil Prices
The oil prices are sensitive to several macro-economic factors and these prices are also very sensitive to the financial marketsâ movements. The worries about the downturn in the global economic growth pull down the oil prices. However, it can be said that if the trade war between the US and China ends on the permanent basis, it would substantially help the sentiments of the investors as well as financial markets which would further support the oil prices.
Australian Markets Closed Higher: What Investors Should Know?
The Australian markets have ended todayâs session in green as S&P/ASX200 Index closed at 6139.2 which implies the rise of 42.7 points or 0.7%. It can be said that the Australian investors are tracking the news related to the trade war between the US and China as this news also influence the Australian economy and Australian equity markets. The stocks like Webjet Limited (ASX:WEB) and Fisher & Paykel Healthcare Corporation Limited (ASX:FPH) had closed the session on February 21, 2019 in green as these stocks witnessed the rise of 30.607% and 7.266%, respectively.
On the other hand, the stocks like St Barbara Limited (ASX:SBM) and Saracen Mineral Holdings Limited (ASX:SAR) had closed the session in red as the stock prices of these companies fell 8.015% and 6.885%, respectively. Wesfarmers Limited (ASX:WES) had come forward and made an announcement about half-year results for FY 2019. Read the full news here. Also, Zip Co Limited (ASX:Z1P) had released the earnings for 1H FY 2019. Read the full news here.
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