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 shares mainly dip
On Thursday, Asia-Pacific stocks generally dipped amid negative Wall Street indications after the key US bank had interest rates lifted and analyzed the faster surge rate this year. Additionally, the US-China trade tension impacted the mood too.
Market participants are also cautious ahead of the gathering devoted to the monetary policy of the ECB, as the EU’s key bank indicated that its gathering will be utilized to discuss the issue of ceasing the bond purchase program. Meanwhile, the gathering on the monetary policy of the BOJ ends on Friday.
Additionally, the Australian market dived, following the downbeat signals from Wall Street. By the way, mixed Australian jobs in May also had a minor impact on the market.
Among the key miners, Fortescue Metals and Rio Tinto both edged up 0.2%, while BHP Billiton managed to tack on 0.3% notwithstanding diving iron ore prices.
Gold miners are gaining momentum too in the face of soaring gold. Moreover, the market value of Evolution Mining gained by 2%, Newcrest Mining managed to acquire 1%.
As for the banking space, equities of ANZ Banking, National Australia Bank, Commonwealth Bank as well as Westpac tumbled 0.7%-0.9%.
The Japanese market headed south after downbeat signals from Wall Street. Moreover, a stronger Japanese yen impacts equities of Japanese exporters.
Equities of Panasonic and Sony went down by over 1% each. Additionally, Mitsubishi Electric lost more than -1%, while Canon dipped by 0.3%.
Car makers Toyota and Honda cut their capitalization by respectively 0.2% and 0.6%.
As for the banking sector, the paper Mitsubishi UFJ Financial edged down by 0.4%, Sumitomo Mitsui Financial declined by 1%.
Toshiba equities rallied by 0.6% after the giant reported a planned buy-out of shares for nearly Y700 billion, thus keeping its pledge to have the shareholder rewarded having sold the chips for about $18 billion.
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).