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 show different directions
On Wednesday, equities of the Asia-Pacific region mostly traded in different directions due to the fact that optimism as for corporate revenue reports as well as China's incentive plan were compensated by the assumption that the Bank of Japan is unable to make instant changes in its monetary policy.
The Australian market headed south following the publication of inflation data for the second quarter. As a matter of fact, the outcome was weaker than anticipated.
As the Australian Bureau of Statistics informed, in the second quarter the consumer price index managed to leap by up to 0.4%. Market experts thought that it would soar by 0.5% and also by 2.2% in annual terms.
The revenue of mining companies was offset by the weakness of bank equities.
Large four financial institutions, including National Australia Bank, ANZ Banking, Westpac and Commonwealth dived from 0.6% to1.0%.
The equities of BHP Billiton rallied over 2%. Additionally, Rio Tinto gained 2%. At the same time, Fortescue Metals reported a profit in the amount of 1%.
The Japanese market is soaring, reacting to upbeat signals from Wall Street in the face of the positive mood as for corporate revenue reports as well as a moderately weaker Japanese yen.
In addition to this the equities of Panasonic managed to leap in price by up to 0,4%. As for Canon, it ascended by about 0,7%. Besides this, Sony came up with a 1% soar, while Mitsubishi Electric was observed soaring about 3%.
Meanwhile, in the automotive sector, it has been reported that the market value of Honda managed to ascend by up to 1%. Additionally, Toyota was caught gaining by nearly 0.1%. Besides this, in the banking sphere, Mitsubishi UFJ Financial tacked on up to 0.1%, Sumitomo Mitsui Financial edged up approximately 0.6%.
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.
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).
Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.