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There are expectations that the global markets would be sensitive to macro-economic factors and to events related to any sort of geopolitical conditions. In the present condition, the US markets are also being influenced by the corporate earnings. The companies, at the time of reporting their earnings, provide a broader outlook on how the macro-economic factors could affect the business activities. The market players need to know that the Federal Reserve meeting would be conducted on July 30-July 31, 2019 and the comments from Chairman Jerome Powell hold significance.
If the investors track the Federal Reserve meeting, it would give them a broad understanding as to how the global economy would be performing moving forward and what is the current state of the broader US economy. On July 25, 2019, Dow Jones Industrial Average fell by 128.99 points or 0.47% on an intraday basis to close the session at 27,140.98. Also, on the same day, S&P 500 Index closed at 3003.67, which reflects a fall of 15.89 points or 0.53% on an intraday basis.
Oil Prices To Remain Sensitive To Geopolitical Factors
Oil prices are generally affected by the global macro-economic factors as well as by the geopolitical factors. A rise in economic uncertainties might influence the prices of oil largely because these uncertainties can affect the demand for oil. Also, the movement of stock markets can affect the oil prices. In order to bring stability to the broader equity markets, the US and China trade battle needs to settle down permanently.
Australian Markets Ended In Red: S&P/ASX200 Falls 0.4% Intraday
Australian equities might witness negative impacts if the trade battle between the US and China gets worse or if the economic uncertainties increase. These factors might restrict the global growth and, as a result, can affect the broader Australian economy. Presently, the cash rate in Australia stands at 1%. On July 26, 2019, S&P/ASX200 fell by 24.6 points or 0.4% on an intraday basis to close at 6,793.4. Also, on the same day, All Ordinaries fell by 0.3% or 22.6 points to settle at 6,879.3. Let us now have a look at how the stocks have performed.
Mineral Resources Limited (ASX: MIN) witnessed a rise of 8.328% to close at A$16.650 per share with a market capitalisation of $2.89 billion, while ResMed Inc (ASX: RMD) rose 5.559% on an intraday basis to settle at A$18.990 per share. On the other hand, Speedcast International Limited (ASX: SDA) fell by 8.416% to close at A$1.850 per share and IPH Limited (ASX: IPH) witnessed an intra-day decline of 4.932% to close at A$7.710 per share.
We have provided some critical information on the stocks which are listed on ASX and we advise the investors to have a look at the same. We have covered some important information on three fintech stocks. To have a look at the same, please click here.
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