Market Update: Dow Jones Witnessed Significant Increase. Should You Expect A Rate Cut?

As the market trackers are aware, the global stock markets are influenced by the several macro-economic factors as well as by the comments from the Chairman of the US Federal Reserve. It can be assumed that the market players, in the current scenario, need to focus over the news related to the trade battle and they need to track corporate earnings of the US companies. The US stock markets might get influenced as a result of the earnings season. Also, tracking the earnings report closely can help the investors in sound decision-making as the companies generally provide the outlook by considering the global scenario.

In the current environment, it looks like that the market players are expecting that the Federal Reserve would go for the rate cut. As the investors know, the US Federal Reserve meeting has been scheduled for July 30-July 31, 2019. The Federal Reserve meet gives the broader picture of the global economy which could also help the market players in taking the investment decision. On July 12, 2019, Dow Jones Industrial Average was closed at 27,332.03 which implies a rise of 243.95 points or 0.90% on an intraday basis. Also, on the same day, S&P 500 Index got closed at 3,013.77, implying a rise of 13.86 points or 0.46% on an intraday basis.

Oil Prices Are Sensitive To Macro-economic Variables

The oil prices are very sensitive to the overall health of the global economy and a rise in the economic uncertainties can affect the demand of oil. If the oil demand gets affected, the prices can also be influenced. The oil prices get affected if the worries about economic slowdown increases or if there is some sort of uncertainty in the stock markets.

Australian Markets Ended in Red: S&P/ASX200 Wraps The Day By Falling 0.7%

The Australian equity markets get negatively impacted if the concerns about global economic slowdown increases. These markets are also influenced by the performance of the global markets and by the overall health of Australian economy. On July 15, 2019, S&P/ASX200 got ended in red as the index had lost 43.5 points to close at 6653, reflecting an intra-day decline of 0.7%. However, on the same day, All Ordinaries encountered the fall of 42.6 points (implying an intra-day fall of 0.6%) and got ended at 6746.2.

Coming to the performance of the stocks, St Barbara Limited (ASX: SBM) rose 5.112% to close at A$3.290 per share while Eclipx Group Limited (ASX: ECX) encountered the rise of 4.04% to close at A$1.545 per share. On the other hand, AMP Limited (ASX: AMP) fell 15.814% and closed at A$1.810 per share while Perpetual Limited (ASX: PPT) fell 4.972% to close at A$41.860 per share. AMP Limited had advised that transaction for unloading of AMP Life (the Australian and New Zealand wealth protection and mature businesses) to Resolution Life is highly unlikely to move further.

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