The global markets are sensitive to the macro-economic news and if this news reflect weakness then it might weigh over the broader momentum of equity markets. Recently, it can be said that manufacturing activity of China was unable to please the market players and, as a result, the worries about the global economic slowdown increased in the minds of investors. Generally, these types of news negatively impact the broader equity markets largely because the market players tend to reduce their investments in the stocks and some even decide to liquidate their current holdings. This type of data from the economy which is as big as China can significantly impact the sentiments of market players.
In the present scenario, apart from global macro news, the US investors also need to track the earnings report of the US companies as these reports can also influence the market movements. Also, the market players should track the meeting of the US Federal Reserve as it can provide a broader outlook. The meeting can also provide a brief about the overall health of the US economy which is of utmost importance for the global market players. Yesterday (i.e. April 29, 2019), Dow Jones Industrial Average closed the session in green as the index witnessed a marginal rise of 11.06 points or 0.04% and got closed at 26,554.39. Also, on the same day, S&P 500 index ended at 2,943.03 which implies a marginal rise of 3.15 points or 0.11%.
Oil Prices Might Remain Sensitive To Global Factors
The oil prices are expected to be sensitive to the macro-economic factors and the worries about a slowdown in global economic growth might influence the oil prices. This is because a global downturn might lead to a fall in oil demand which would affect the oil prices. Apart from this, the macro-economic factors and other geopolitical matters might also influence the movement of oil prices.
Australian Markets Ends in Red: S&P/ASX200 Falls 0.5%
The Australian markets ended the session in red as S&P/ASX200 got closed at 6,325.5 which implies a fall of 34 points or 0.5% on an intraday basis. The Australian markets get affected by the overall health of global economy and a rise in worries about the slowdown can negatively impact the equity markets in Australia. Talking about the performance of stocks, Aveo Group (ASX: AOG) and Costa Group Holdings Limited (ASX: CGC) closed the session in green as their prices rose by 10.363% and 3.656%, respectively.
However, the stocks of Domain Holdings Australia Limited (ASX: DHG) and oOh!Media Limited (ASX: OML) closed the session in red as their prices witnessed a fall of 7.534% and 5.514%, respectively. Coming to some of the important news, Seven Group Holdings (ASX: SVW) had come forward and upgraded outlook for FY 2019. In order to read the full news, please click here. Also, Infigen Energy (ASX: IFN) had made an announcement about the production and revenue for Q3 FY 2019. In order to read the news, please click here.
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