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As most of the investors are aware, the geopolitical as well as the macro conditions affect the movement of the stock markets globally.Any event which is related to the US and China trade battle could affect the broader momentum of stock markets and, if the trade battle gets worse, the global economic growth can be severely hampered. Such geopolitical tensions can be a serious threat to the growth of the global economy.
While the earnings season is also very crucial for the movement of US stock markets, investors also need to keep a check on the US Federal Reserve meeting which would take place on July 30- July 31, 2019. The meeting could help in assessing the broader conditions of the US economy and it could also provide some information on how the economy might shape up moving forward. On July 26, 2019, Dow Jones Industrial Average rose 51.47 points or 0.19% on an intraday basis to close the session at 27,192.45. Also, on the same day, S&P 500 Index rose by 22.19 points or 0.74% and settled at 3025.86. In the event of global downturn, investors tend to reduce deployments towards equities, which negatively impacts the broader equity markets.
Oil Prices Are Affected by Macro-economic Factors
Macro-economic conditions, movement of global stock markets and geopolitical factors are some of the factors which could influence oil prices. The economic uncertainties can affect the oil demand and, as a result, the oil prices might get influenced. Since the oil prices are also affected by the movement of stock markets, the trade war between the US and China needs to settle down permanently in order to bring stability.
Australian Markets Ended in Green: S&P/ASX200 Rises 0.5% On Intraday Basis
The Australian economy might witness negative impacts if the tension between the US and China increases or if the global growth comes into question. A downturn in the global economy can impact the economy of Australia. As a result, the markets in Australia would also get affected. On July 29, 2019, S&P/ASX200 rose by 32.4 points or 0.5% on an intraday basis to close at 6825.8, while All Ordinaries witnessed a rise of 32.1 points or 0.5% to settle at 6911.4. We would now have a look at the performance of some Australian stocks.
Afterpay Touch Group Limited (ASX: APT) witnessed a rise of 3.979% to close at A$27.180 per share, while Speedcast International Limited (ASX: SDA) rose 3.784% to close at A$1.920 per share. On the other hand, Credit Corp Group Limited (ASX: CCP) fell 6.167% to close at A$24.800 per share and G.U.D. Holdings Limited (ASX: GUD) encountered a fall of 4.257% to settle at A$9.670 per share.
We have also provided important information for the Australian investors about some stocks trading on ASX. We have provided critical information on the three resource stocks. To have a glance at the same, please click here.
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This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
