As the market players are aware, the global stock markets are sensitive to several macro-economic parameters and to the news about the geopolitical conditions. The global stock markets are influenced by the geopolitical tensions largely because these worries weigh over the performance of the global economy. The broader understanding of the performance of the global economy also helps in understanding the performance of stock markets. Recently, there was a Federal Reserve meeting in which the Chairman Jerome Powell had kept the interest rates unchanged. Talking about the Federal Reserve, the market players also need to know that the stock markets are also affected by the decision and comments of the Federal Reserve. It is advisable for the market players to keep a close track of the Federal Reserve meeting as it gives the broader idea of the global economy.
However, there was some positive information which was lately floated in the market from the trade battle front. On July 2, 2019, Dow Jones Industrial Average was closed at 26,786.68 which implies a rise of 69.25 points or 0.26% on an intraday basis. On the same day, S&P 500 Index was also ended in green as the index was closed at 2,973.01 which reflects a rise of 8.68 points or 0.29% on the intraday basis.
Earnings Season Should Be the Primary Focus Area For the Market Players
As the market players are aware, the US companies would soon be out with their earnings report and there are expectations that the broader momentum of the markets will be influenced. The market players need to carefully track the earnings report of the companies as, most of the times, the companies provide the broader idea of how they would perform moving forward. Sometimes the companies provide guidance on their key metrics which could be very important for the market participants.
Moreover, since the companies are exposed to the risks which are associated with the trade battle between the US and China, the market players need to examine the affect of the trade battle on the bottom line of the companies. Additionally, macro-economic parameters also need to be considered while tracking a particular company.
Australian Markets Ended in Green: S&P/ASX200 Got Closed By Rising 0.5%
On July 3, 2019, S&P/ASX200 got closed in green as the index was closed at 6685.5 which reflects a rise of 32.3 points or 0.5%. On the same day, NuFarm Limited (ASX: NUF) and St Barbara Limited (ASX: SBM) got closed in green as the stock prices of these companies rose by 7.381% and 4.348%, respectively on the intraday basis. On the other hand, Speedcast International Limited (ASX: SDA) and Beach Energy Limited (ASX: BPT) got ended in red as their stock prices have fallen by 16.505% and 6.373%, respectively.
We have provided the recent updates in the three diversified stocks (i.e. Turners Automotive Group Limited, Mineral Resources Limited and Mercury NZ Limited). To have a look at the information provided, please click here.
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