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Stock markets, globally, are expected to get influenced by macro-factors as well as the health of the global economy. A rise in tensions related to the global economic slowdown can negatively impact the sentiments of market players, as a result, they might decide to liquidate their present holdings into equities. In the event of an economic downturn, investors tend to deploy their funds towards less risky assets. Also, the sentiment of market players might get influenced by events associated with the trade battle between the US and China. These types of economic uncertainties have the potential to disrupt the prospects of global economic growth.
The Federal Reserve meeting happens to be an important event as we are talking about the global markets and the investorsâ sentiments. The comments of Chairman Jerome Powell need to be looked upon by the market players. On July 29, 2019, Dow Jones Industrial Average witnessed a rise of 28.9 points or 0.11% to close the session at 27,221.35. On the other hand, S&P 500 fell by 4.89 points or 0.16% to settle at 3020.97. The US Federal Reserve meeting needs to be tracked by the investors, as it can help them in getting a broader overview of the global economy.
Oil Prices Are Sensitive To Macro-Economic Conditions
Oil prices are expected to be affected by the global macro-economic conditions and by geopolitical tensions. A downturn in the global economy can significantly influence the demand for oil and, as a result of this, the oil prices are influenced. The factors which have the potential to influence the global economy can also affect oil prices.
Australian Markets Closes in Green: S&P/ASX200 Witnessed a Rise of 0.3% Intraday
The Australian markets could witness negative impacts if the trade battle between the US and China does not end. A rise in the global disturbances have the potential to disrupt the broader momentum of the Australian economy and, as a result, the stock markets in Australia can also be impacted. On July 30, 2019, S&P/ASX200 witnessed a rise of 19.3 points or 0.3% to close the session at 6845.1, while All Ordinaries have witnessed a rise of 0.2% or 16.9 points to end the session at 6928.3.
We would now have a look at the performance of stocks. Credit Corp Group Limited (ASX: CCP) witnessed a rise of 4.113% and closed the session at A$25.820 per share. Also, Newcrest Mining Limited (ASX: NCM) witnessed a rise of 3.081% to settle at A$35.130 per share. On the other hand, BINGO Industries Limited (ASX: BIN) fell by 3.831% to close at A$2.510 per share and WiseTech Global Limited (ASX: WTC) witnessed a fall of 3.759% and closed at A$32.000 per share.
We have provided information related to the stocks which are listed on ASX and we think that the investors should be aware of the same. We have provided some information on the stocks which are in the consumer staples industry. To have a look, please click here.
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