Market Update: Dow Jones Industrial Average Closed Higher: What Market Players Need To Focus On?

It seems like the investors are now focusing on the earnings reports of the companies, at least for now. This does not mean that the worries related to the global economic slowdown are out of the investors’ minds. However, apart from the global macro-economic news, the equity markets are also sensitive to the news related to the earnings reports. It can be assumed that the weakness in the Chinese economy has significantly increased the worries of the economic downturn in the minds of market players. Yesterday, Dow Jones Industrial Average closed the session higher as the results of IBM cheered market participants. On January 24, 2019, Dow Jones Industrial Average closed at 24,575.62 which implies the rise of 171.14 points or 0.70%.

Moving forward, the US markets would be sensitive to both the news i.e. news related to the global economic concerns as well as news related to earnings reports which might leave the investors in the dicey position. The global investors might not make deployments in the equities if the worries related to the global economy increases. Moreover, the unfavourable financial markets might also impact the oil prices.

What Factors Could Weigh Over Oil Prices?

Moving forward, the oil prices are expected to get impacted by the increased tensions related to macro-economic conditions. If the trade battle between the US and China does not come to an end, it could impede the sentiments of the global investors which could negatively impact the business as well as consumer sentiments. Moreover, this could also weigh over the equity markets and a downtrend in the equities could significantly impact the oil prices.

After the market players were having the fears of the global economic downturn, largely because of the weaker Chinese economy, the market players were of the view that the Chinese officials need to announce measure which would help the broader Chinese economy. The weakness in the Chinese economy which was witnessed is a big concern for the market players.

Australian Markets Closed in Green

Today, the Australian markets managed to close marginally higher as S&P/ASX200 ended the session in green. On January 24, 2019, S&P/ASX200 closed the session at 5865.7 which implies the rise of 22 points or 0.4%. Moving forward, the Australian markets would be sensitive to news related to trade wars and to the news about the global macro-economic factors. However, today, the stocks like McMillan Shakespeare Limited (ASX: MMS) and Whitehaven Coal Limited (ASX: WHC) have closed the session on the positive note as the stock prices encountered the rise of 5.153% and 4.348%, respectively on the intra-day basis.

However, Galaxy Resources Limited (ASX: GXY) and Northern Star Resources (ASX: NST) closed the session in red as the stock prices witnessed the fall of 6.25% and 5.415%, respectively. However, Bowen Coking Coal Limited (ASX: BCB) came forward and declared the quarterly results. In order to read the news, please click here. Also, Dragontail Systems Limited (ASX: DTS) had made an announcement related to the operational update for Q4 2018. In order to read the full news, please click here.


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