
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.
On Friday, stocks of the Asia-Pacific region mostly tacked on, ramping up revenues from the previous trading marathon, reacting to upbeat signals from Wall Street because market participants shifted their focus to the approaching season of corporate reporting because of the lack of news about trade clashes between America and China.
Financial markets reacted positively to the lack of news about China's highly anticipated response to fresh American duties on China’s products of $ 200 billion.
Additionally, it has become known that China reported a trade surplus of about $41.61 billion in June.
Financial experts foresaw that in June China's total trade balance would inch up only to $ 27.9 billion versus May’s reading of $24.92 billion.
As follows from the Main Customs Administration of China, the overall import of the Asian country rallied by 14.1% in June in dollar terms. That’s lower than market experts’ estimate of 20.8% as well as the previous value of about 26.0%. In addition to this, China's exports moderately beat hopes for a 10% leap by coming up with a 11.3% jump in June having soared by 12.6% in May.
In addition to this, the Australian market has slumped a bit because weakness in the banking sector compensated the surge of equities in mining companies.
In the banking sphere, Westpac, National Australia Bank, ANZ Banking and Commonwealth Bank demonstrated a slump in the range 0.3%-0.6%.
The equities of BHP Billiton managed to ascend by approximately 0.4%, Fortescue Metals gained 0.2% because iron ore rallied overnight.
The market value of Rio Tinto tacked on by up to 0.6% because the company told it had an agreement signed to sell its stake in the Grasberg mine for about $3.5 billion.
The equities of Sony edged up by 2%, Canon rallied by 1%, Panasonic acquired over 1%.
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.
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.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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