Market Update: Dow Jones Ended in Red. What Should Market Trackers Be Focused Upon?

  • Jul 10, 2019 AEST
  • Team Kalkine
Market Update: Dow Jones Ended in Red. What Should Market Trackers Be Focused Upon?

As the market participants are aware, the stock markets on the global basis are influenced by the macro-economic factors as well as by the news about the geopolitical factors. A rise in the economic uncertainties could significantly weigh over the prospects of the economic growth which could negatively impact the sentiments of the market players. If the sentiments get affected, they might decide to avoid the deployments towards equities, or they might start to liquidate their holdings. The geopolitical worries have the potential to negatively impact the stock markets largely because these worries can restrict the global economic growth.

The comments of the Chairman of the US Federal Reserve can also influence the momentum of the stock markets. The investors should also track the earnings season of the US companies very closely as some companies provide outlook which could help in assessing the expected performance of that particular company. On July 9, 2019, Dow Jones Industrial Average was ended at 26,783.49, implying a fall of 22.65 points or 0.08% on an intraday basis. On the other hand, S&P 500 Index was closed at 2,979.63 that reflects a rise of 3.68 points or 0.12% on an intraday basis.

Oil Prices Remain Sensitive to Macro Economic Tensions

The oil prices are influenced by the macro-economic factors and by the tensions about the geopolitical conditions. If the economic uncertainties rise or if trade tensions between the US and China increases, the demand of oil comes into question and, as a result of this, the prices of oil might be affected. Another factor which could influence the oil prices is the movement of stock markets.

Australian Markets Got Closed in Green: S&P/ASX200 Rises by 0.4%

The performance of Australian stock markets is sensitive to the global macro-economic conditions and to the news related to the trade battle between the US and China. If the economic uncertainties get reduced, the fear of the global economic slowdown would also be reduced and, as a result, the Australian markets might be positively impacted. Another factor which could affect the markets is the performance of the broader Australian economy. Coming to the performance on July 10, 2019, S&P/ASX200 was closed at 6,689.8, implying a rise of 24.1 points or 0.4% on the intraday basis. Talking about the performance of stocks, The A2 Milk Company Limited (ASX: A2M) and Premier Investments Limited (ASX: PMV) got closed in green as the prices of these stocks have witnessed the rise of 8% and 5.318%, respectively on the intraday basis.

On the other hand, Pilbara Minerals Limited (ASX: PLS) and Eclipx Group Limited (ASX: ECX) got ended in red as their stock prices have fallen by 4.854% and 3.257%, respectively on the intraday basis.

We have provided some important information on three material sector stocks listed on Australian Securities Exchange (i.e. Orora Limited, Incitec Pivot Limited and Fletcher Building Limited) which investors should be aware of. To read the information which have been provided, please click here.


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