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 mostly rise
On Monday, Asia-Pacific equities mostly gained after US Treasury Secretary Stephen Mnuchin told that the US trade conflict with China is frozen.
The Australian stock market dived after the positive start of trading because market participants focused on trade talks between the United States and China.
Equities of crude companies jumped with the ascend in crude prices. The market value of Woodside Petroleum gained by 0.3%, Oil Search managed to acquire 0.6%, while Santos soared by more than 2%.
Large four financial institutions slumped because the Royal Commission on Banking Practice should start its work this week. Additionally, stocks of Westpac, Commonwealth Bank and National Australia Bank inched down 0.6%-0.9%, while ANZ Banking lost less than 0.1%.
In the mining sector, equities of BHP Billiton went down by 0.2%, Rio Tinto dived by 0.6%, and Fortescue Metals went down by nearly 2% after sagging prices for iron ore as well as some base metals.
Meanwhile, the Japanese stock market is making its way forward after US Treasury Secretary Stephen Mnuchin told that the US-China trade conflict is suspended. Additionally, better than anticipated, Japan's trade surplus for April also contributed to the surge of investor sentiment.
Major exporters mostly declined, notwithstanding the weaker Japanese yen. Canon, Mitsubishi Electric and Panasonic headed south 0.2%--0.4%, Sony's shares dipped by 0.4%.
The market value of Toyota ascended by 0.6%, Honda lost less than 0.1%. In the banking sector, Mitsubishi UFJ Financial paper slumped by 0.1%, while Sumitomo Mitsui Financial headed south by 0.2%.
In addition to this the Ministry of Finance of Japan posted a trade surplus of Y626 billion in April. The indicator surpassed expectations for a surplus of Y405.6 billion right after a recorded surplus of Y797 billion in March. As a matter of fact, export soared by 7.8%, reaching Y6.822 trillion, which turns to be lower than the forecast of an 8.7% surge.
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.
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).