
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, Asian stocks concluded the trading session generally up, underpinned by a sag in the Chinese Yuan versus the evergreen buck, although trade uncertainty kept putting pressure on global markets.
The Shanghai Composite Index SHCOMP soared by 2.1%, the Hang Seng HIS gained 0.8% in Hong Kong.
On Friday, the Chinese Yuan managed to reach a one-year minimum versus the evergreen buck after the Chinese government decreased its official exchange rate down by about 0.9%, setting it on 6.7671 per dollar, which is the largest rebound for two years. As a matter of fact, the Chinese Yuan has headed south by 2.3% versus the evergreen buck in July.
A slumping Yuan makes Chinese products more affordable for foreign purchasers, although soaring protectionism around the world could restrict the ability of export-driven companies to derive its full benefits. Moreover, the weaker Yuan also makes it more difficult for China’s businesses to have dollar-denominated debt serviced.
The Yuan’s dive has provoked criticism from Donald Trump. US leader told that raising interest rates along with a stronger greenback makes the US economy less competitive.
Traders are anticipating an extra two rate lifts from the Federal Reserve in 2018.
A stronger greenback reflects investor optimism as for the state of the American economy and also what has been a firm revenue season.
The US-China trade clash has yet to make a powerful impact on the American economy. However, worries as for worsening tensions have suppressed investor sentiment.
US leader told that he was about to slap duties on up to $500 billion of Chinese products. Previously, Donald Trump repeated his threat to impose duties on EU vehicles. In return, the European Union promised to fight back.
The Nikkei NIK dipped by 0.3%. In Korea, Kospi ascended by 0.3%.
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.
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.