Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Asia-Pacific equities demonstrate different directions
On Tuesday, equities of the Asia-Pacific region showed quite different directions because worries as for Turkey slightly receded after the country's major financial institution took measures to boost liquidity in the foreign exchange market. Nevertheless, traders demonstrated caution after China's retail sales, industrial output as well as fixed investment added in July less than anticipated.
Meanwhile, the Australian market gained notwithstanding the downbeat signals from Wall Street because worries about Turkey relieved a bit, and traders paid attention to the outcomes of local reports on corporate revenue.
As for the banking industry, ANZ Banking, Commonwealth Bank, Westpac and National Australia Bank came up with surge 0.8%-1.6%.
ANZ Banking told that in the third quarter its depreciated assets headed south by nearly 36% against the backdrop of tightening of credit control.
In addition to this, the equities of BHP Billiton managed to rally by more than 1%. Besides this, the equities of Rio Tinto ascended by 0.5%, while Fortescue Metals acquired 0.2%.
Furthermore, gold miners Evolution Mining as well as Newcrest Mining had their capitalization lowered by respectively -1% and -0.4% in the face of a tumble in gold prices.
The Japanese market managed to gain considerably in the face of the depreciation of the Japanese yen.
Aside from that, the equities of Panasonic were caught soaring by up to 1%. As for Sony and Canon, the stocks of these tech giants inched down by about 1%. Moreover, Mitsubishi Electric went down by 0.2%.
Additionally, Softbank managed to gain over 3% in the value of its securities right after Bloomberg informed that the company is currently negotiating to invest about $ 750 million in Zume Inc.
The evergreen buck stabilized at 110.75 yen, having reached a six-week dip of 110.11. Against a basket of its key counterparts, the USD index was a bit softer demonstrating 96.314.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.