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 shares are mixed
On Friday, Asian stocks were quite mixed, while the evergreen buck kept to two-year maximums on rumors that later in the day figures will indicate the American economy has managed to outperform the rest of the developed world.
For the week, the common currency lost 1% hitting $1.1133 because euro zone economic figures kept disappointing.
Versus a group of currencies, the evergreen buck surged by 0.8% demonstrating an outcome of 98.145, having reached its highest value since May 2017.
The evergreen buck is going to stay bid in this environment and data keeps looking more favorable from America, in particular, with regard to the European bloc.
Tonight's American GDP print might appear to be decisive from a technical point of view. With an upbeat outcome, the common currency might try the crucial psychological mark of $1.1000.
The evergreen buck stood still, sticking with 111.61 yen, having lost 0.5% overnight, although backed by a firm report on American durable goods orders.
The ascend in the Japanese yen as well as soft Japanese industrial data pushed the Nikkei down 0.7%, while China blue chips went down by 0.8%.
MSCI's index of Asia-Pacific stocks slumped by 0.2%, while E-Mini futures for the S&P 500 decreased by 0.1%.
The mood might lighten a bit later if American GDP turns out to be positive as some anticipate.
A string of firm numbers has led experts to revise up their estimates for surge, while the latest median interviewed by Reuters points to 2%.
The Atlanta Federal Reserve suggests GDP will hit 2.7%.
On Thursday, Wall Street had concluded mixed following earnings reports. As a matter of fact, the Dow dived by 0.51%, the S&P 500 decreased by 0.04%, the Nasdaq gained 0.21%.
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.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.