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Global markets are very sensitive to macro-economic factors and it can be said that, in the current scenario, stock markets are being affected by the earnings season in the US. It is important for investors to track the earnings season largely because it gives an idea about how a particular company performed in the past and how it would perform in the future. Generally, a company provides its outlook after assessing the broader economic environment and how the geopolitical factors could affect the global economy. The trade tensions between the US and China have the potential to affect the broader economy and, thus, the permanent settlement is of utmost priority.
The investors need to keep in mind that the date for the Federal Reserve meeting is fast approaching. It is advisable that global investors should track the meeting. On July 24, 2019, Dow Jones Industrial Average witnessed a fall of 79.22 points or 0.29% on an intra-day basis to close the session at 27,269.97. However, on the other hand, S&P 500 index rose by 0.47% or 14.09 points to settle at 3019.56.
Oil Prices to Remain Sensitive to Macro-Factors
With the global growth being in danger, demand for oil could be impacted and thus influence the oil prices. The trade tensions between the US and China and the movement of stock markets have the potential to affect the oil prices. The Federal Reserve meeting has been scheduled for July 30- July 31, 2019 and the comments by the US Federal Reserve Chairman can affect the broader momentum of stock markets.
Australian Markets Ended in Green: S&P/ASX200 Closes by Rising 0.6%
The Australian economy might witness positive impacts if the trade tensions between the US and China end on a permanent basis and if the worries about the global slowdown reduce. The performance of Australian equities is sensitive to the Australian economyâs performance. On July 25, 2019, S&P/ASX200 ended the session by rising 41.3 points or 0.6% on an intraday basis to close at 6,818. Also, on the same day, All Ordinaries rose 0.6% or 39.5 points on an intraday basis to close at 6,901.9.
Coming to the performance of stocks, IOOF Holdings Limited (ASX: IFL) posted a rise of 6.922% on an intraday basis to close the session at A$5.870 per share. Also, on the same day, Nufarm Limited (ASX: NUF) rose by 6.034% on an intraday basis to settle at A$4.920 per share. On the other hand, Iluka Resources Limited (ASX: ILU) fell by 7.007% to close at A$9.290 per share and Fortescue Metals Group Ltd (ASX: FMG) witnessed a fall of 5.498% on an intraday basis to settle at A$8.250 per share.
We have provided important information on some of the stocks listed on the Australian Securities Exchange (or ASX). We have covered whatâs new with the four resource stocks (i.e. Freedom Oil & Gas Ltd, Element 25 Limited, Fremont Petroleum Corporation Limited and Navarre Minerals Limited). To have a look at the information provided, please click here.
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