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.
Asian equities stabilize
On Monday, Asian stocks were generally intact because traders took stock of recent data dropping a hint that global surge might be stabilizing. Meanwhile, crude prices rallied on a report that America will probably urge all importers of Iranian crude to cease their purchases or stumble on sanctions.
Brent futures managed to surge to a five-month maximum, after the Washington Post informed that American Secretary of State Mike Pompeo told that as of May 2, his country won’t provide sanctions waivers to any country caught importing Iranian crude now.
Eventually, the hypothetic disruption to Iranian supplies is anticipated to contribute to an already tight crude market.
Stock markets were subdued due to the fact market participants waited for the resumption of trading in key centers from the Good Friday holiday. MSCI's index of Asia-Pacific stocks was nearly intact in early sessions.
The index turned out to be within reach of a nine-month maximum recorded on Thursday after China’s economic data surpassed expectations and soothed worries about the health of the global economy.
However, the ascend speeded down because many markets in the European Union, North America, and Asia are unavailable for Good Friday.
As a matter of fact, the Shanghai Composite Index dived by 0.3%, while South Korea's KOSPI rallied by 0.1%. As for Japan's Nikkei, it surged by 0.15%.
Versus its six key counterparts, the USD index declined a bit, demonstrating an outcome of 97.377.
The common currency was nearly intact, showing $1.1241.
Against the Japanese yen, the evergreen buck was steady, demonstrating a reading of 111.96 yen.
Sensitive to changes in risk sentiment, the Australian dollar declined by 0.2% hitting $0.7141.
As for the Canadian dollar, it rallied by 0.25% reaching C$1.3363 due to a jump in crude prices.
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 Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.