As the market players are already aware, in the present scenario, the earnings season is one of the primary factors which is influencing the broader momentum of the US equity markets. It is also important for the investors to know that, apart from the corporate earnings, the geopolitical factors, as well as macro-economic factors, are also the factors which have the potential to influence the broader momentum of equity markets. Talking about some of the companies which would be releasing their earnings soon, Amazon.com Inc. would be releasing their earnings on April 25, 2019 and there are expectations that Alphabet Inc. would be coming up with its earnings report on April 29, 2019.
It is important for the market players to know that they need to give special attention to the outlook portion of the earnings report. Generally, the companies give outlook by considering the macro-economic environment and how global factors can influence their business operations. Yesterday (i.e. April 22, 2019), Dow Jones Industrial Average ended the session in red as the index got closed at 26,511.05 which reflects the fall of 48.49 points or 0.18% on an intraday basis. However, S&P 500 Index got closed in green as the index ended at 2,907.97 which implies a marginal rise of 2.94 points or 0.10% on an intraday basis.
What Are The Factors Presently Influencing Oil Prices?
It can be said that oil prices are sensitive to the health of the global economy and any sort of disturbances can influence oil prices. At present, it can be said that the oil prices are getting influenced by the announcement that the importers of oil from Iran should cease their purchases by May 1. Oil prices are also sensitive to the movement of equity markets.
Australian Markets Ended in Green: S&P/ASX200 Rises 0.9%
Today (i.e. April 23, 2019), the Australian markets ended in green as S&P/ASX200 got closed at 6319.4 which implies a significant rise of 59.6 points or 0.9% on an intraday basis. S&P/ASX 20, S&P/ASX 50, S&P/ASX 100 and S&P/ASX 200 all ended in green as they rose by 0.78%, 0.85%, 0.91% and 0.94%, respectively. It can be said that the Australian markets get influenced by overall momentum in the global markets and the economic disturbances have the potential to disrupt the performance of Australian equity markets.
Myob Group Ltd would be getting replaced by Nearmap Ltd (XASX: NEA) in the S&P/ASX 200 and this change would be becoming effective after close of trading on 24th April, 2019.
Earlier, the key personnel of NEA had stated that the company is in a robust position to witness growth in H2 FY 2019.
Today, the stock prices of Eclipx Group Limited (ASX: ECX) and Appen Limited (ASX: APX) rose by 6.557% and 5.307%, respectively. On the other hand, stock prices of Galaxy Resources Limited (ASX: GXY) and HUB24 Limited (ASX: HUB) fell by 3.976% and 3.159%, respectively. Coming to some of the important news, Musgrave Minerals Limited (ASX:MGV) came forward and released the results for the quarter ended March 2019. To read the full news, click here.
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