As market participants are aware, stock markets get affected by macro-economic factors as well as geopolitical conditions. If the trade tensions between the US and China grow any further or there is a rise in economic uncertainties, the investors might avoid making deployments towards equities, triggering an unfavourable momentum in the broader stock markets. It can be said that the US markets are being affected by the corporate earnings season, consequently, market participants need to track the same. Assessing corporate earnings might help the investors in getting an idea as to how a particular company might perform moving forward. Generally, the companies provide outlook by examining the broader macro-economic environment.
It is important for the investors to track the US Federal Reserve meeting, which is scheduled for July 30- July 31, 2019, as it can help them in understanding the current state of the global economy. On July 19, 2019, Dow Jones Industrial Average fell by 0.25% or 68.77 points on an intra-day basis to close at 27,154.20. Also, on the same day, S&P 500 index witnessed a fall of 18.5 points or 0.62% to close at 2,976.61.
Oil Prices Might Remain Sensitive To Stock Markets’ Movements and Macro-economic Factors
Oil prices are sensitive to the overall health of global economy and to the movement of stock markets. Additionally, if the economic uncertainties witness a rise, oil demand might come into question. If the demand for oil gets influenced, its prices might also be affected.
Australian Markets Ended in Red: S&P/ASX200 Falls by 0.1% Intraday
The Australian markets are affected by the performance of global markets and the health of the global economy. If the trade battle between the US and China ends on a permanent basis, the Australian equities might witness positive impacts. It is also important to note that the reduction in economic uncertainties might positively impact the broader Australian economy. On July 22, 2019, S&P/ASX200 closed at 6,691.2, which reflects a decline of 9.1 points or 0.1% on an intraday basis. Also, on the same day, All Ordinaries fell by 0.1% or 5 points to close at 6,781.2.
We will now take a look at the performance of stocks. On July 22, 2019, Speedcast International Limited (ASX: SDA) witnessed a rise of 6.667% on an intraday basis to close at A$1.920 per share. Also, Beach Energy Limited (ASX: BPT) rose by 5.277% to close at A$1.995 per share. On the other hand, InvoCare Limited (ASX: IVC) fell by 6.481% and settled at A$15.150 per share. Also, Eclipx Group Limited (ASX: ECX) encountered a fall of 2.614% to end at A$1.490 per share. We have provided crucial information about the stocks listed on the Australian Securities Exchange (or ASX) and believe that the market players should get themselves updated regarding the same. The recent updates have been provided on two blue chip stocks. To have a look at the same, please click here.
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