As the market players are aware, the global stock markets are very sensitive to the macro-economic variables and to the news which is associated with the macro-economic data. In the current scenario, it can be said that the news which are in the minds of the global market players is about the strong US jobs data. This strong data could make the US central bank less dovish. It can be assumed that the trade tensions between the US and China are also in the minds of the global market players as this could derail the prospects of economic growth. Now that the market players are of the view that the US Federal Reserve might become less dovish, it is now more important for the market trackers to track the Federal Reserve meeting which would take place on July 30, 2019-July 31, 2019.
The performance of the US markets is expected to be influenced by the earnings season and by the geopolitical tensions. On July 5, 2019, Dow Jones Industrial Average got ended in red as the index was closed at 26,922.12 which implies a decline of 43.88 points or 0.16% on an intraday basis. On the same day, S&P 500 Index was closed at 2,990.41 which reflects the fall of 5.41 points or 0.18% on an intraday basis.
Oil Prices Get Influenced by Macro-Economic Factors
The overall health of global economy, macro-economic factors and the news related to the US and China trade battle are the primary factors which could influence the movement of oil prices. The concerns which have the potential to restrict global economic growth could also affect the demand of oil. As a result of this, the oil prices might be influenced. Another factor which could influence the oil prices is the movement of stock markets.
Australian Markets Ended in Red: S&P/ASX200 Fall by 1.2%
The performance of the Australian markets is influenced by the performance of the global markets and by the macro-economic factors. Also, the Australian markets can witnessed the positive momentum if the trade battle between the US and China ends on permanent basis. On July 8, 2019, S&P/ASX200 was closed at 6672.2 which implies fall of 79.1 points or 1.2% on the intraday basis. Coming to the performance of stocks, Speedcast International Limited (ASX: SDA) and Costa Group Holdings Limited (ASX: CGC) have closed the session in green as the prices of these stocks have increased by 6.389% and 3.178%, respectively.
On the other hand, G8 Education Limited (ASX: GEM) and Eclipx Group Limited (ASX: ECX) have closed the session in red as the prices fell by 9.772% and 4.839%, respectively. We have provided some useful information on some of the stocks listed on Australian Securities Exchange. We have provided recent updates on three IT stocks (i.e. ShareRoot Limited, CV Check Ltd and Security Matters Limited) which are very important for the investors. To have a look at the information provided, please click here.